Chip startup rides AI frenzy to become topgaining topix stock – Money Control

Shares of a small Japanese chip design firm have quintupled since it listed in October, supercharged by expectations of a boom in silicon demand driven by artificial intelligence. Socionext Inc. has jumped more than 245% this year, with its market value touching a high of around 957 billion (Rs6.7 billion), making it the bestperforming stock on the Topix index.