BANGKOK — Shares in Thailand’s most valuable electronics company opened down nearly 30% on Monday morning, the latest sign of spreading pessimism in the artificial intelligence boom.
Delta Electronics Thailand reported lackluster full-year results after the market closed on Friday. Net profit growth in 2024 slowed to 2.8% compared to a 20% increase the previous year, although revenue grew by 12%. Weak demand for electric vehicles, a key market for Delta’s mobility segment, caused a 78% fall in fourth-quarter profits from the same period in 2023.
Visited 1 times, 1 visit(s) today
