Stock Track | Biren Tech Soars 5.23% Intraday on Strong Earnings, NVIDIA-Led AI Rally

Stock Track04-20

Biren Technology's stock surged 5.23% during intraday trading on Monday, continuing its upward momentum in the market.

The significant rise was driven by the company's robust financial performance, with full-year revenue skyrocketing 207.2% year-over-year to 1.035 billion yuan and gross margin improving to 53.8%. This growth was primarily fueled by strong volume shipments of its BR106 and BR166 series GPGPU chips. Additionally, the company announced plans to launch its next-generation BR20X chip and a complete product lineup this year, strengthening its position in the domestic AI computing infrastructure market.

Positive sector sentiment also contributed to the rally, with NVIDIA's overnight gains extending its winning streak and boosting global AI computing sentiment. The company is also making progress in its A-share IPO process, having already achieved a Hong Kong Stock Exchange listing as the first domestic GPU stock.

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