On July 8, Kingboard Laminates rose 3.36% in regular trading, trading at approximately HK$72.15/share, with turnover of HK$1.573 billion, rebounding after two consecutive sessions of sharp declines.

On the news front, NVIDIA officially responded to earlier reports by SemiAnalysis alleging that its Kyber NVL144 high-end computing rack faced over 12 months of delays due to PCB mid-board manufacturing bottlenecks. NVIDIA stated that its product roadmap remains unchanged, directly denying the delay claims. The prior rumors had triggered an accumulated drop of over 18% in Kingboard Laminates over two trading days, with broad selling across Asia-Pacific PCB and optical communication stocks.

Additionally, Citi raised its target price for the company from HK$120 to HK$130, maintaining a Buy rating, citing stronger-than-expected price hikes and upgrading earnings forecasts by 11-12% for the next three years. The broker views the recent pullback as a buying opportunity. With the official denial and major broker support, market panic sentiment has partially recovered.

(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.)