August 1, 2025 02:57 PM GMT Greater China Technology Hardware | Asia Pacific Implications from Amazon's results for AP Tech Hardware Stocks Key Takeaways Thus, we maintain our constructive view on cloud-exposed stocks in our coverage: Within our coverage, Unimicron (ABF substrates for Trainium) and NYPCB (ABF substrates for networking chips) are also part of the AWS Trainium supply chain. But we are UW on NYPCB and EW on Unimicron in view of ABF overcapacity and stretched valuation. For further details, ple ...