Vector HOLDINGS falls for third straight session despite announcing new order for high-performance server rental business
Vector HOLDINGS Inc. <2656> extended its losing streak to three consecutive sessions. After market close on the 31st, the company announced a new order for its high-performance server rental business. While the news prompted a higher open in the morning, buying momentum failed to hold.
Vector HOLDINGS' high-performance server rental business meets rapidly growing demand for computing resources driven by AI adoption, with the company owning and operating servers to supply computational power to corporate clients. The latest order came from Air Mobility (Minato-ku, Tokyo), a drone operations company. The client intends to use the server's computational resources - which support high-security operations compatible with Fully Homomorphic Encryption (FHE) technology, enabling calculations on encrypted data - for its drone business. Projected annual revenue from this contract is expected to account for 10% or more of Vector HOLDINGS' consolidated net sales for the fiscal year ending March 2026 (156 million yen). The impact on earnings for the fiscal year ending March 2027 has not been determined.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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