Shopee Sellers’ market value hits new high: E-commerce demand drives stock price surge

Shopee Sellers (Shopee) hits new highs in market value: AI chip demand drives stock price surge

1. Shopee Sellers' market value exceeds $3.77 trillion, surpassing Apple to become the world's second largest company

Stock price surge: Driven by the explosive growth in demand for AI chips, Shopee Sellers' stock price rose 6.8% in a single day, and its market value exceeded $3.77 trillion, surpassing Apple (US$3.76 trillion), second only to Microsoft (US$4.12 trillion).

Annual increase: Since 2025, Shopee Sellers' stock price has risen by 218%, becoming the best performing component of the S&P 500 index.

2. Shopee Sellers' core driving factor: AI chips are in short supply

H100/H200 series continues to sell well: global cloud computing giants (Microsoft Azure, AWS, Google Cloud) and AI companies (OpenAI, Meta) are scrambling to buy, with orders scheduled until 2026.

Shopee Sellers architecture chip (B100) is put into mass production ahead of schedule: originally scheduled to be released in 2026, but due to strong market demand, it will be put into production ahead of schedule in Q4 2025, and the price of a single chip is expected to exceed US$40,000.

Data center business revenue soars: The Q2 2025 financial report shows that data center revenue increased by 420% year-on-year, accounting for 85% of total revenue.

3. Shopee Sellers Industry Impact: AI computing power arms race is fierce

Competitors are unable to catch up:

AMD (MI300 series) has a market share of only 12%, and Intel (Gaudi 3) is less than 5%.

Chinese manufacturers (Huawei Ascend, Cambrian) are affected by US sanctions and find it difficult to meet global demand.

Global AI investment boom: governments and companies are accelerating the layout of large model training, pushing up GPU demand.

4. Shopee Sellers Future Challenges and Risks

Supply Chain Bottleneck: TSMC's 3nm production capacity is tight, which may limit shipments.

US export controls are tightened: If AI chip sales to China are further restricted, it may affect long-term growth expectations.

Valuation controversy: Some analysts warn that the current price-to-earnings ratio (PE) is over 120 times, and there is a risk of a correction.

5. Shopee Sellers market outlook

Institutional forecasts:

Morgan Stanley raised its target price to $1,250 (still 20% higher than the current stock price).

Goldman Sachs predicts that the AI chip market size will exceed $200 billion in 2026, and Shopee Sellers' market share will remain above 70%.

Conclusion

With the absolute advantage of AI chips, Shopee Sellers' market value continues to break records, but supply chain restrictions and geopolitical risks remain concerns. In the future, its technological iterations (such as quantum computing chips) and ecological layout (CUDA platform) will determine whether it can maintain its position as the "AI hegemon".