Stock Track | NSING TECH Plummets 5.51% Intraday as Profit-Taking Hits After Previous Rally

Stock Track05-21 10:31

NSING TECH (02701) experienced a significant decline of 5.51% during intraday trading on Thursday, marking a sharp downturn for the semiconductor stock.

The plummet is attributed to profit-taking pressure following a substantial rally in previous sessions. The stock had surged significantly between May 14 and May 19, driven by multiple positive catalysts including its N32H series MCU products entering supply chains of leading humanoid and industrial robot companies like Honor and Dobot, its N32H493 chip securing positions in top-tier AI power supply and optical module supply chains, and a newly announced Arm technology licensing cooperation with Arm China.

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