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Delta Electronics Is First Thai Stock to Top $100 Billion Value

Bloomberg Technology
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Delta Electronics Thailand Pcl became Thailand’s first company to surpass $100 billion in market value, driven by a US Supreme Court decision eliminating tariffs on its products. The ruling boosted demand for its AI cooling systems, critical for data centers, with shares surging 10% in a single day and gains nearing 50% year-to-date. The Nvidia supplier generates roughly a third of its revenue from the US, where tariff removal reduces costs and expands market access for its high-performance electronics. Annual revenue grew 20% in 2025, fueled by strong power-electronics sales and escalating data center demand amid the AI infrastructure boom. The milestone underscores Thailand’s growing role in the global tech supply chain, particularly in AI-adjacent hardware manufacturing.
Delta Electronics Is First Thai Stock to Top $100 Billion Value

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Delta Electronics Thailand Pcl became the country’s first $100 billion company after a US Supreme Court ruling striking down tariffs further improved the demand outlook for its AI cooling equipment.Shares of the Nvidia Corp. supplier — which gets about one-third of its revenue from the US — jumped as much as 10% on Monday, extending year-to-date gains to more than 49%. Revenue rose Bloomberg Terminal20% last year thanks to strong power-electronics sales and demand from data centers.

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Source: Bloomberg Technology