Bizlink stock maintains Overweight rating at JPMorgan on 800G AEC growth

Investing.com - JPMorgan has reiterated an Overweight rating on Bizlink Holding Inc (TPE:3665) with a price target of NT$1,080.00, citing strong growth in the company’s high-performance computing (HPC) segment.

The HPC business grew 196% year-over-year in the second quarter of 2025, representing 35% of quarterly sales, primarily driven by solid active electrical cable (AEC) shipments as a cost-effective alternative to direct attach copper (DAC) and optical solutions.

JPMorgan noted that order visibility for AEC has been extended, and while Bizlink management acknowledged a second supplier would eventually enter the AEC ecosystem, this would increase the overall addressable market size rather than threaten Bizlink’s position.

The investment bank expects Bizlink to maintain its leading position in the AEC supply chain, with upgrades from 400G to 800G AEC and expansion into rack-to-rack connectivity applications supporting average selling prices and margins.

For the power cable business, Bizlink’s power whips and HVDC busbar system have been co-specified with major power subsystem vendors for architecture scheduled to ship in 2027, with management expecting increased market share due to the company’s capabilities in providing safe solutions, scalable productivity, and one-stop shopping service across both data and power cables.

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