Novatek's cautious outlook for future demand and all-time high share price may lead to near-term selling pressure. Limited potential for near-term positive news flow.
What is covered in the Full Insight:
Novatek's 1Q24 financial results
Novatek's guidance for 2Q24 and full year 2024
Inventory levels
Potential impact of being dropped from Apple's supplier list
Novatek's valuation and stock outlook
SUMMARY
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