Taiwan's Pegatron is climbing sharply as AI server work starts paying off, good news for investors in older-line AI hardware names.

• Pegatron rose about 5% on heavy trading as buyers piled in.
• The gain comes from shipments of Nvidia's GB300 server project starting this month.
• New cloud service customers are set to keep ordering through the rest of the year, so revenue should follow.
• Chairman Tzu-Hsien Tung says the AI boom is only just starting and is moving from lab technology into real, practical use.
• Tung compares Taiwan's shift from clothing to PCs to chips and now AI, saying the country is riding a bullet train rather than a bus.

Outlook: If GB300 shipments and cloud orders land as expected, Pegatron's coming revenue reports should keep supporting the stock.