Why is Ibiden stock surging today?
Ibiden's stock surged 15.5% to ¥22,580 on Thursday, driven by a stock split announcement and strong quarterly results. The company reported a 26.4% increase in net sales and a 40.8% rise in net profit, fueled by demand for AI data center components. Analysts have a 'Strong Buy' consensus with an average price target of ¥24,729. The Nikkei 225 also rose nearly 2%.
