Reported 12 months ago
On July 3, 2024, at 1:11 AM, Hui You (GigaDevice) surged to the limit up to 98.4 yuan, marking a historic high. After Huang Renxun's visit to Taiwan last month for an AI map seminar, GigaDevice's stock price has continued to rise significantly, reaching an all-time high today. The company's main business focuses on industrial computers and image analysis, with a recent shift towards the automotive sector and the use of NVIDIA chips in some products for AI edge computing. The company expects to turn losses into profits this year, with support from Huang Renxun, CEO of NVIDIA, who began backing the company on June 2. Foreign investors are also optimistic about GigaDevice, with a recent nine-day streak of net buying and positive evaluations of its future prospects.
Source: YAHOO