TTM Technologies shares fall 10% on announcement of $400 million spending plan to expand AI capacity
TTMI TTM Technologies Inc
$116.10 +5.23%
View chart & analysis → - 1TTM Technologies announced a plan to expand AI capacity at four facilities in China and one facility in Penang, Malaysia.
- 2TTM Technologies shares fell 10% today.
- 3CEO Edwin Locke stated that rapid growth in demand requires swift capacity expansion across multiple facilities.
So what's the key point?
TTM Technologies said it will spend $400 million to increase its artificial intelligence facilities. The stock price fell 10% following this news.
Source TIKR · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.