Movement Alert|Shenghong Technology Rises 4.68% in Regular Trading, NVIDIA Denies Kyber Architecture Delay as Top Institutions Conduct On-Site Research Boosting PCB Rebound

Market Focus07-09

On July 9, Shenghong Technology rose 4.68% in regular trading, trading at 258.2 HKD/share, with turnover of 73.77 million HKD.

On the news front, NVIDIA officially responded to SemiAnalysis reports claiming its Kyber NVL144 rack was delayed by over 12 months, stating that its product roadmap remains unchanged and directly denying the delay allegations. Market panic sentiment has been gradually recovering. Additionally, the company hosted on-site visits on July 7 from 19 prominent institutions including Goldman Sachs, Temasek, and Citadel, with downstream leading clients prioritizing supply chain stability and product quality assurance, signaling strong industrial capital confidence.

The broader PCB sector showed an oversold rebound, with peer Kingboard Holdings rising 6.53% and KB Laminates gaining 5.09%. The sector had been under sustained pressure since July 2 when reports emerged that Samsung Electronics and SK Hynix were demanding substrate price cuts for the second half, which previously triggered a sector-wide selloff with Shenghong Technology plunging over 13% on that day.

(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.)

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