[Sinolink Computer & Technology] # Foxconn Industrial Internet: Large buyback up to 67% above current price_Q3 core beneficiary of Vera Rubin and Google TPU v8 mass production

English summary

# Buyback of 1-2 billion yuan demonstrates confidence. The company announced a large buyback, repurchase amount no less than 1 billion yuan, not exceeding 2 billion yuan, repurchase price not exceeding 103 yuan per share. Based on the close price of 61.55 yuan on July 27, the promised repurchase ceiling is 67% above the current price. We believe the company's large buyback at the bottom demonstrates strong confidence in its own demand and incremental business development, in a new upward accumulation stage. # Q3 most important industry change: Vera Rubin & TPUv8 — Vera Rubin enters global delivery phase. On July 21, Nvidia announced that Vera Rubin NVL72 has started deployment on platforms such as CoreWeave, Google Cloud, Microsoft Azure, and Oracle Cloud, covering 30 countries and over 350 factory nodes. ...