Nvidia-led AI boom sends tech stocks soaring in Malaysia, Vietnam

From Nikkei Asia: 2024-04-11 18:20:00

Southeast Asian AI-related stocks, particularly those in collaboration with Nvidia, are experiencing significant growth due to the rising demand for generative AI technology.

FPT Corp., a leading Vietnamese information technology company, saw its stock price climb to 118,000 dong in mid-March, marking its highest level since its listing in 2006. By Thursday, the closing price was 114,900 dong, showing an increase of approximately 60% from a year prior and 20% from the end of 2023.



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