India, June 5 -- Shares of ZJK Industrial Co., Ltd. (ZJK) gained over 17% on Thursday morning after the company announced that it is ramping up production to meet growing demand from Nvidia's B40 project.
ZJK is currently trading at $5.66, up $0.84 or 17.43%, on a huge volume of 12.7 million, above average volume of 53 thousand, on the Nasdaq. The stock opened its trading at $5.45 after closing Wednesday at $4.82. The stock has traded between $3.09 and $30.50 in the past 52-week period.
Nvidia is advancing the development of a customized AI accelerator, the B40 chip, specifically for the Chinese market. Mass production of the B40, which is based on Nvidia's Blackwell architecture and targets the mid-to-high-end market segment, could be st...