Morgan Stanley Raises Hon Hai Price Target to NT$310 on AI Server Momentum

Hon Hai has expanded its growth focus in recent years beyond consumer electronics manufacturing to cloud networking and AI infrastructure, including AI servers and 800G high-speed switches. As global cloud service providers increase capital spending, these businesses have become important pillars of Hon Hai’s revenue mix and medium- to long-term earnings growth.

As of July 20, 2026, Morgan Stanley’s latest report raised its price target for Hon Hai to NT$310, citing expectations of explosive demand growth for AI servers and 800G switches. The report said AI servers already account for more than half of Hon Hai’s cloud network product revenue and are expected to continue supporting earnings over the next several years.