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Super X AI Technology Ltd’s stock reached an all-time high of 72.12 USD, marking a significant milestone for the $1.84 billion market cap company. According to InvestingPro data, the stock is trading near its 52-week high of 72.00 USD, with a robust current ratio of 1.99 indicating strong short-term liquidity. Over the past year, the stock has experienced an extraordinary rise, with a 1-year return of 1490% and an impressive year-to-date gain of 1723.2%. This remarkable growth reflects increased investor confidence and interest in the company’s advancements in artificial intelligence technology. The achievement of this all-time high underscores Super X AI Technology’s strong market performance and its potential for future growth within the tech sector. InvestingPro subscribers have access to 15 additional key insights about the company’s valuation and growth prospects.
In other recent news, Super X AI has announced plans to set up its first regional supply center in Japan. The facility, located in Tsu City, Mie Prefecture, will have a capacity for 10,000 servers and focus on final assembly, system integration, and quality control. Operations at this new center are slated to begin by the end of 2025, according to a press release from the company. Additionally, Super X AI is facing scrutiny after a report by J Capital labeled it a "design and fit-out company pretending it’s in AI." The report alleges connections to Chinese property developers, including Wang Zhenhua, who holds a 10.2% stake in the company and has a criminal history. These developments highlight a mix of strategic expansion efforts and controversies surrounding Super X AI.
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