FiTNN News: Stock Drops 5.7% After Surge Related to NVIDIA's GB200 AI Chip Supply Chain

Reported 5 months ago

On July 17, 2024, Taiwan stocks fell by 227.43 points, closing at 23,769.82 points. Yu-Bang Technology, the largest solid-state capacitor manufacturer in Taiwan, saw its stock rise after securing a spot in NVIDIA’s GB200 AI chip supply chain, hitting a peak of 192.5 TWD following upward trends. However, it opened at 198.5 TWD but plummeted, closing down 5.71% at 181.5 TWD with a high day trading volume, marking it as the 'Day Trading Loss Leader.' Other stocks in related sectors faced similar declines.

Source: YAHOO

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