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Gongjin Stocks Hits Daily Limits for Two Consecutive Days: Data Center-Related Business Shows Minimal Short-Term Impact
2025-01-09
Gongjin Stocks announced that on January 8 and 9, 2025, the cumulative deviation in the closing price increase of its shares surpassed 20% within two trading days, signaling abnormal market fluctuations. The company has observed heightened market interest in data center switches recently. While its primary operations encompass network and data communication services, the revenue derived from high-speed data center switches, notably 400G and 800G switches, contributes a relatively minor portion to its overall business, thereby exerting a limited influence on the company's short-term performance.
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