Shares of Himax Technologies Inc (NASDAQ:HIMX) are climbing Thursday after a Hunterbrook Media report argued the overlooked display and optical components supplier could play a big role in next-generation AI infrastructure. Here’s what’s driving the move.
- Himax Techs stock is approaching key resistance levels. Why are HIMX shares at highs?
Himax Linked To Nvidia AI Data Center Optics Supply Chain
Hunterbrook said Himax appears to be supplying key light-routing components used in fiber array units for Taiwan Semiconductor Manufacturing Company Limited’s (NYSE:TSM) co-packaged optics platform, a technology viewed as important to Nvidia Corp’s (NASDAQ:NVDA) push to reduce power consumption inside large AI data centers.
The report linked Himax to the aforementioned supply chain through patent filings, manufacturing processes, relationships and public comments from management. Although Hunterbrook noted the company has not confirmed any Nvidia relationship, the firm called Himax a potential “stealth supplier” for the AI giant.
The report also suggested Himax could have exposure to Apple Inc’s (NASDAQ:AAPL) future smart-glasses efforts, citing management commentary about a major brand entering production and other circumstantial evidence.
However, the connection remains unconfirmed, and the report noted that several conclusions are based on inference rather than direct customer disclosure.
Hunterbrook affiliate Hunterbrook Capital holds a long position in Himax and short positions in several comparable securities, according to the report.
Himax RSI Surges After Recent Rally
Himax Technologies’ RSI has mostly fluctuated within the neutral range (30–70) over the past year, with occasional dips into oversold territory and brief spikes toward overbought levels.
Most recently, the RSI has surged above 70, indicating the stock may be entering overbought territory following its latest price rally.
HIMX Stock Jumps Thursday
HIMX Price Action: Himax shares were up 19.67% at $10.95 at the time of publication on Thursday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
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