Stock Track | Kingboard Holdings Plummets 5.03% Intraday on Profit-Taking After AI-Driven Rally

Stock Track05-14

Kingboard Holdings' stock plummeted 5.03% intraday, marking a sharp reversal after recent gains.

The decline is attributed to profit-taking following a significant rally driven by optimistic analyst coverage. Citi recently raised its target price and earnings forecasts for Kingboard Holdings for 2026-2028, citing supply shortages in key materials like fiberglass, copper foil, and copper-clad laminates due to booming AI infrastructure investment.

Broader weakness in the Electronic Components sector also pressured the stock, with several peers trading lower during the session.

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