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INNOSCIENCE's Response to Selection as Nvidia 800V DC Power Supply Architecture Partner: Co-op Still in Testing Phase w/ No Substantial Orders Generated Yet
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INNOSCIENCE (02577.HK) opened 1.7% higher at $44.75 this morning (1st), and then once rocketed 63.6% to a high of $72 during the intraday trading session. Its gains narrowed after midday. The stock last printed at $59.35, soaring over 34%, with a turnover of $3.877 billion. Nvidia (NVDA.US) updated its list of partners for its 800V DC power supply architecture on its official website, with INNOSCIENCE being the only Chinese chip company selected, according to Chinese media. This signifies a formal in-depth cooperation between the two parties, aiming to jointly promote the large-scale application of the 800V DC power supply architecture in AI data centers. INNOSCIENCE said that the cooperation with Nvidia has been ongoing for some time, primarily due to the company's high-powered GaN technology, according to 21jingji.com. However, the cooperation is still in the testing phase, and no substantial orders were generated yet. As the company is in the interim report release phase, it is inconvenient to comment on the prospects and impact of the cooperation. AASTOCKS Financial News Website: www.aastocks.com |
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