ST Derun Denies Nvidia and Huawei Business Partnerships; Stock Surges 12% in Three Days

GateNews
According to its announcement on May 26, ST Derun clarified that the company has not engaged in business cooperation with Nvidia or Huawei. The denial came after the company's stock price rose cumulatively more than 12% over three consecutive trading days (May 22, 25, and 26). ST Derun manufactures electronic connectors and precision components for computers, telecommunications, and automotive applications. High-speed transmission connector products for servers account for less than 1% of overall revenue, with limited near-term business contribution and uncertain future order prospects.
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