Reported 12 months ago
On July 3, 2024, Cleverman (8996) saw a significant increase in demand for server heat dissipation, leading to an opening and closing at NT$492, up NT$28 with a high trading volume of 7,533 shares, the highest in nearly a month. The stock has more than doubled in value since the beginning of the year. After reaching a historical high of NT$537 in mid-May, the stock fell due to shrinking trading volume, but on the 3rd, it broke through the entangled moving averages with a long red candlestick. With the KD indicator showing a bottom cross and moving up, a continued increase in trading volume could lead to further bullish movements. Cleverman's EPS in May was NT$0.55, a decrease of about 36% from last year, largely due to a high base period. With the growing demand for AI server liquid cooling, Cleverman, as the main supplier to major US clients, is expected to see clear revenue growth with a quarterly increasing share as it approaches a revenue share of 20% by the end of the year, becoming the third pillar of its operation.
Source: YAHOO