Shares are trading 7.8% higher at $8.73, driven by the company's announcement of a major expansion of its operations in Taiwan to accelerate the deployment of AI infrastructure.
- The move will expand its Cloud-Scale Interop Lab and enhance collaboration with key partners including AMD, Arm, Intel, and NVIDIA.
- The stock is advancing despite broader weakness in the semiconductor sector, which has been weighed down by disappointing results from other major chipmakers.