ViTrox surges to two-year high post-bonus issue, after CEO Jensen Huang says it’s part of Nvidia Omniverse

ViTrox surges to two-year high post-bonus issue, after CEO Jensen Huang says it’s part of Nvidia Omniverse

KUALA LUMPUR (June 11): Shares of ViTrox Corp Bhd (KL:VITROX) climbed as much as 19% on Tuesday, extending a rally after the group posted on Facebook to highlight that it was one of the companies mentioned in Nvidia Corp chief executive officer Jensen Huang’s keynote address at Computex Taipei.

By market close on Tuesday, ViTrox pared some gains to settle at RM4.85, up 60 sen or 14%, giving it a market capitalisation of RM9.17 billion.

The latest closing price was the stock’s highest since Jan 7, 2022, after adjusting to ViTrox’s one-for-one bonus issue, which went ex on Monday (June 10).

Penang-based ViTrox is a producer of machinery and equipment designed to automate the rigorous testing of semiconductor devices.

Alongside companies like Epson and Kurtz Ersa, ViTrox was shown by Huang as one of the key players of edge artificial intelligence (AI) and robots under the Nvidia Omniverse.

“We are proud to be an associate of the supply chain and are fully committed to delivering the most advanced, innovative and cost-effective vision inspection, AI and robotic solutions,” said ViTrox in the Facebook post last Friday (June 7).

“ViTrox will continue to work hand-in-hand with all industry players towards making a net positive impact on the world,” it added.

Nvidia CEO Jensen Huang giving his keynote address at Computex Taipei (Photo credit: ViTrox's Facebook page)

Huang delivered his keynote address on June 2, and ViTrox shares climbed 2.2% on the first trading day (June 4) after that.

The counter made incremental increases over the next three trading days through June 7, prior to the Facebook post. ViTrox shares saw a 7.1% gain on Monday (June 10).

  • https://www.msn.com/en-my/money/topstories/vitrox-surges-to-two-year-high-post-bonus-issue-after-ceo-jensen-huang-says-it-s-part-of-nvidia-omniverse/ar-BB1o1176?ocid=00000000

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