Reported 8 months ago
On June 18, 2024, Nanya Technology (2408) saw a sudden surge in stock price, breaking through the upper range and closing up by 6.02% at 72 yuan. Analysts attribute this to institutional buying interest driving up prices, predicting a gradual improvement in Nanya Technology's operations in 2024, with expectations of returning to profitability and reducing production cuts. With consumer product revenue accounting for 65% and DDR3 and DDR4 revenue at 85%, analysts see increased opportunities for Nanya Technology to turn losses into profits with the production of DDR5. This development has attracted investors to enter positions.
Source: YAHOO