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Delta Electronics Shares Plummet Amid AI Sector Concerns

2/17/2025

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Summary

Story summary

Delta Electronics Thailand's shares fell nearly 30% on Monday, signaling concerns in the AI sector.
The company forecasts a 2.8% net profit growth for 2024, a significant decline from 20% last year.
Revenue rose by 12%, yet fourth-quarter profits plummeted 78% amid weak electric vehicle demand.
This situation underscores the difficulties facing Thailand's electronics market.

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Story summary

Delta Electronics Thailand's shares fell nearly 30% on Monday, signaling concerns in the AI sector.
The company forecasts a 2.8% net profit growth for 2024, a significant decline from 20% last year.
Revenue rose by 12%, yet fourth-quarter profits plummeted 78% amid weak electric vehicle demand.
This situation underscores the difficulties facing Thailand's electronics market.