Asia
Ruijie Networks Cites No New Data to Justify Stock Surge
Ruijie Networks (SHE:301165) said its recent stock surge may be driven by growing market expectations that AI Agent and computing power demand will drive higher capital expenditures from internet cloud vendors, boosting the broader switch sector.The software developer's closing price deviated by over 30% across three straight trading sessions from June 29 to July 1, according to a Thursday filing with the Shenzhen bourse.After self-examination, the company said it has no undisclosed material information, plans or negotiations that may have had a significant impact on its stock price.
SHE:301165
