Brian Jeffrey
The rapid advancement of artificial intelligence (AI) is driving up the stock prices of technology companies globally.
In a recent surge, FPT’s stock prices have soared, making it the largest private corporation on the stock market.
Working closely with top tech companies like Nvidia, FPT has witnessed a rise in its stock prices in parallel with Nvidia’s performance.
On July 1, FPT shares were traded at VND128,600 per share and peaked at VND136,100 on June 21.
Current figures position FPT as the third largest listed company by capitalization, following two state-owned banks in Vietnam.
Owned by president Truong Gia Binh, FPT surpassed Hoa Phat Group to become the leading private economic group in Vietnam.
From an initial capital of VND20 billion during its equitization in 2002, FPT has grown its stockholder equity to VND13 trillion by the end of the first quarter of 2024.
Following a period of slower growth from 2007 to 2019, FPT entered an explosive growth phase in recent years, outstripping other key players in the market.
In the past, FPT was instrumental in enriching its shareholders, with president Truong Gia Binh becoming the richest billionaire in the stock market in 2006.
After a significant increase in share prices starting in the second half of 2020, FPT continued its upward trajectory, attracting investor attention and reaching new peaks in early 2024.
The tech giant’s strategic focus on AI and semiconductors aligns with the growing interest and investments in these sectors globally.
FPT Semiconductor’s partnership with Silvaco aims to enhance capabilities in semiconductor technology and workforce development.
Amidst speculations on FPT’s future performance and the potential impacts of the AI trend, experts foresee promising prospects for the company, especially as a key partner of Nvidia.
Collaboration with Nvidia presents long-term opportunities for revenue growth through generative AI, as predicted by financial analysts.
With both global and domestic support, FPT stands poised to leverage the evolving technology landscape and drive further growth in the market.
