Japan Electronic Components and Semiconductors NVDA Results Read Across

Following NVIDIA's strong 1QFY27 results, Goldman Sachs reiterates bullish outlooks on Japanese electronic component makers Ibiden, Murata, and Renesas. The report highlights surging demand for AI server components and aggressive medium-term capacity expansion plans by these suppliers.

Key Takeaways

• 1.NVIDIA's 1QFY27 results and strong guidance confirm robust fundamentals for the Asian AI server supply chain.
• 2.Ibiden is targeting massive growth in its electronics business, aiming for ¥800.0 bn in sales by FY3/31.
• 3.Murata Mfg raised its demand outlook for AI server MLCCs to an 80% CAGR and is aggressively expanding capacity.

Table of Contents

• NVDA results read-across
• Price Target Risks and Methodologies
• Disclosure Appendix
• Price target and rating history chart(s)
• Target price history table(s)

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