Movement Alert｜Victory Giant Technology Falls 3.3% in Regular Trading, Nomura Target Price Cut and Lingering Negative Rumors Continue to Weigh on Sentiment

On July 16, Victory Giant Technology fell 3.3% in regular trading, trading at 230.0 HKD/share, with turnover of approximately 42.54 million HKD.

On the news front, Nomura Securities recently cut its target price on the company from 479 HKD to 447 HKD, while lowering revenue forecasts for fiscal years ending through fiscal 2028 by 7% to 13% and earnings estimates by 7% to 14%, reflecting expectations that near-term HDI revenue contribution may fall below prior assumptions. Although Nomura maintains the company can preserve its leading supplier position with GPU clients and sees growth potential from ASIC and optical transceiver market expansion, the downward revisions have exerted sustained pressure on market sentiment.

Additionally, earlier online rumors regarding product quality issues, market share erosion, and delays to NVIDIA's Rubin architecture continue to cast a shadow. While the company issued a voluntary clarification announcement categorically denying the allegations and emphasizing that AI-related PCB orders remain on a growth trajectory with secured demand through 2027-2028, short-term market confidence has yet to fully recover.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)