X-FAB soars 76% after viral X post pitches chipmaker’s growth exposure
BUZZ-X-FAB soars 76% after viral X post pitches chipmaker’s growth exposure ** X-FAB XFAB.PA up as much as 76% to a record high after a widely circulated post on social media platform X pitches the European chipmaker as an undervalued stock exposed to high-growth areas
** The post from the handle Sereniti highlights X-FAB as strongly positioned in future growth markets such as silicon carbide (SiC) and photonics businesses
** It points to its potential indirect ties to Nvidia through partners and evaluation-stage work in silicon photonics, adding X-FAB could benefit from further subsidies under a new round of the European Chips Act
** The stock is up more than 151% year-to-date
(Reporting by Ozan Ergenay and Jakob Van Calster)