Nvidia supplier Victory Giant surged 50 per cent on its first day of trading following the biggest Hong Kong initial public offering this year, as investor appetite for artificial intelligence stocks weathers uncertainty in the Middle East.
The printed-circuit board maker closed at HK$315.00 compared with the HK$209.88 price of shares in its HK$20 billion (US$2.6 billion) IPO. The Guangdong-based company has also jumped fourfold in a year in Shenzhen trading.
Victory Giant is the latest in a…
China’s vast nuclear power sector now able to build 50 reactors at a time
China has announced that it now has the capacity to build up to 50 nuclear reactors simultaneously, as it doubles down on a push to rapidly expand its nuclear power…