Asbis Enterprises bets on data centers and AI to keep its stock rally going

Asbis Enterprises spent years as the kind of company most investors scrolled past. It distributes IT hardware across Europe, the Middle East and Africa. Then AI showed up. Now the Limassol-based distributor is steering its business toward data centers and AI infrastructure. Shares listed on the Warsaw Stock Exchange have climbed approximately 476% in 2026. That surge has pushed the company’s market capitalization above $2.5 billion. The numbers behind the rally In the second quarter of 2026, Asbis posted revenue of $1.69 billion, up 79% from the same period a year earlier. Net income hit a record $44.3 million for the quarter, a 265% jump year over year. Revenue for the first half of 2026 reached $2.97 billion, a 76% increase, while net profit came in at $80.6 million. The servers and server blocks segment brought in $723.4 million in the second quarter, which works out to 43% of total revenue. That segment grew 285% year over year. NVIDIA GPU servers made up approximately 80% of server sales in the quarter. Estimated revenue for August 2026 reached $604 million, a 91% increase from a year earlier. From smartphones to server racks Asbis built much of its business on more familiar p...