By Connor Hart
Shares of ZJK Industrial fell after the company issued a notice to disregard a press release that had said it was ramping up production.
The stock sank 17%, to $4.49, in premarket trading Friday. Shares had ended Thursday's regular session 12% higher, at $5.40, having lost 42% of their value over the prior year.
Late Thursday, press-release distributor Globe Newswire issued a notice that ZJK Industrial advised journalists and other readers to disregard an earlier release that had stated the company planned to increase production to meet growing demand from Nvidia's B40 project.
The China-based company, which manufactures precision parts and hardware for artificial-intelligence infrastructure, consumer electronics and other smart technologies, didn't provide a reason as to why the release should be disregarded, nor did it immediately respond to a request for comment.
Globe Newswire said it didn't have any information to provide about the notice.
ZJK had said in the now-dismissed release that it expected significant year-over-year revenue growth given supply-chain forecasts calling for B40 chip shipments to exceed 1 million units by the end of the year.
An Nvidia spokesperson said the company is still evaluating its limited options to serve the Chinese market.
"Until we settle on a new product design and receive approval from the U.S. government, we are effectively foreclosed from China's $50 billion datacenter market," the spokesperson said.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
June 06, 2025 08:37 ET (12:37 GMT)
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