Guangdong Goworld, a manufacturer listed on the Shenzhen Stock Exchange, released an official statement on June 26 refuting claims that it supplies components to Nvidia. The company clarified that its high-speed copper clad laminates and optical module printed circuit boards are currently in the research and development phase.
The denial followed significant volatility in the company's stock price, which fluctuated by more than 20% over three consecutive trading days. Prior to the clarification, shares of Guangdong Goworld saw a single-day increase of 10% amid market speculation that its M7/M8 grade high-frequency materials had received Nvidia certification.
Founded in 1997, Guangdong Goworld employs approximately 7,500 people. The company reported trailing twelve-month revenue of roughly ¥6.64 billion and a net income of about ¥221 million. Despite these figures, the firm confirmed that its advanced high-frequency board materials have not reached mass production and generate no revenue.
This situation mirrors a trend in Chinese equity markets where companies have issued similar denials following stock surges linked to unverified reports of Nvidia supply chain involvement. Such speculation is driven by intense interest in domestic firms capable of supporting AI infrastructure amid US export restrictions on advanced chips.
