Alpha & Omega Semiconductor (AOSL) stock plummeted 6.04% on Friday despite initially surging on news of securing a key supply deal with Nvidia (NVDA) for the GB300 NVL72 AI server platform.
The semiconductor company's shares initially rallied as much as 6.35% to $44.37 in morning trading. Analyst Ming-Chi Kuo confirmed that Alpha & Omega will be the primary DrMOS supplier for Nvidia's AI servers, holding a 70% market share.
However, the stock later reversed course amid broader market pressures and profit-taking. Alpha & Omega ended the session at $40.43, down 3.09% from the previous close. Despite the pullback, Kuo projected the company's 2025 revenue growth at 10% year-over-year, exceeding market consensus, and suggested it could break even as early as Q2 2025.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.