On July 17, Victory Giant Technology (02476.HK) fell 3.41% in regular trading, trading at HKD 230.6/share, with turnover of approximately HKD 92.71 million.

On the news front, Nomura Securities recently cut its target price on the company from HKD 479 to HKD 447, while lowering revenue forecasts for FY2026-2028 by 7% to 13% and earnings estimates by 7% to 14%, citing lower-than-expected near-term HDI revenue contribution. Although Nomura maintains that Victory Giant can retain its leading supplier position with GPU clients and remains positive on the company's expansion into ASIC and optical transceiver markets, the downgrade has continued to weigh on market sentiment.

Additionally, earlier online rumors regarding alleged product quality issues, market share erosion, and delays to NVIDIA's Rubin architecture have lingered despite the company's formal clarification denying all such claims. The stock has declined for three consecutive sessions as investor confidence remains under pressure pending further recovery signals.

(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.)