Reported about 1 year ago
On June 7th, Innodisk's (2451) stock price surged by 6.09% to close at NT$122, hitting a new high since May 19, 2008, driven by the continuous rise in memory chip prices. Institutional investors largely support Innodisk, causing a significant increase in buying momentum since May 29. The uptrend in DRAM and NAND Flash prices is attributed to customer inventory clearing and production cutbacks by major manufacturers like Samsung, SK Hynix, and Micron since the fourth quarter of 2023. Innodisk expects the memory market to return to a healthy balance due to the rising memory prices and recovering consumption dynamics.
Source: YAHOO