time high after stronger than expected 2Q
Vitrox Corporation shares hit a record high following strong second-quarter results driven by high demand for AI infrastructure. Analysts have raised target prices, citing the company's role in semiconductor inspection systems.
Why it matters
The surge in Vitrox stock reflects the broader market trend of heavy investment in AI hardware and semiconductor manufacturing capacity.
BURSA SGX Home Hot Stock Make The Edge Malaysia your preferred source on Google KUALA LUMPUR (July 31): Vitrox Corporation Bhd (KL: VITROX ) surged on Friday after its recently-ended quarter outperformed expectations and analysts scrambled to raise their forecasts.
Demand for artificial intelligence (AI) infrastructure has proven stronger than expected and an expanding product pipeline and tax incentives will support earnings growth in the remaining months of 2026, according to CIMB Securities, Hong Leong Investment Bank and Apex Securities.
“We remain bullish on Vitrox’s earnings trajectory” for the second half of 2026, Apex Securities said and raised its target price to RM11.12, the highest among 14 research houses covering the stock.
Shares of Vitrox rose as much as 15% or RM1.20 to RM9.20, a new record for the semiconductor equipment maker. The stock ended the day at RM8.70 after nearly 14 million shares exchanged hands.
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