Wall Street closes at a record for the first time since end of January
SINGAPORE - SuperX AI Technology Limited (NASDAQ:SUPX) has repurchased 1,286,580 ordinary shares under its $20 million share buyback program as of Wednesday, according to a press release statement.
The AI infrastructure solutions provider repurchased the shares at an average net price of $8.93 per share. The company’s board of directors authorized the repurchase program on November 26, 2025.The buyback comes as SUPX shares trade at $7.43, below the average repurchase price, with the stock down 87% over the past six months from its 52-week high of $76.50. According to InvestingPro analysis, the company is currently overvalued relative to its Fair Value, while its overall financial health score registers as "weak."
The repurchases were conducted through open market transactions at prevailing market prices, privately negotiated transactions, block trades, and other legally permissible means in compliance with applicable securities laws, including Rule 10b-18 under the U.S. Securities Exchange Act of 1934.
SuperX provides AI infrastructure solutions including hardware, software, and services for AI data centers. The company’s products include AI servers, 800 Volts Direct Current solutions, high-density liquid cooling solutions, AI cloud and AI agents. The company is headquartered in Singapore and serves institutional clients globally.
In other recent news, SuperX AI Technology Limited has made significant strides in its operations in Japan. The company has commenced production at its new Global Supply Center located in Tsu City, Mie Prefecture. This facility is set to become SuperX’s primary supply hub, boasting an annual production capacity of 20,000 AI servers, with potential for expansion to accommodate future global demand. Additionally, SuperX has signed a memorandum of understanding with Digital Dynamic Inc., eole Inc., and Woodman Inc. to co-develop large-scale AI data centers across Japan. The initial pilot project in Mie Prefecture will have a capacity of up to 4MW, with the possibility of expanding to 300MW, contingent on feasibility assessments and regulatory approvals. These developments highlight SuperX’s commitment to enhancing its infrastructure and production capabilities in Japan.
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