NOVOSENSE's stock surged 5.73% during intraday trading on Thursday, reflecting strong investor interest.
The rally is attributed to the analog chip industry entering an upcycle, with major players like Texas Instruments announcing price increases of 15%-85% on select components. Additionally, Morgan Stanley increased its holdings in NOVOSENSE, signaling institutional confidence in the company's prospects.
On the business front, NOVOSENSE has achieved volume shipment of its high-voltage GaN driver chips for AI server power supplies, while recovery in automotive electronics and pan-energy market demand provides further growth support.