GIS-KY, a touch module maker, is having a strong day as investors bet its new businesses will turn years of losses into profits.

• GIS-KY stock hit its daily up-limit after October revenue jumped 168% from a year earlier, driven by a big customer's foldable phone parts orders.
• The company still lost money last quarter, but analysts expect it to swing to a solid profit by 2027 as foldable phone work and a new high-power laser business for optical communications ramp up.
• Analysts gave it a target price well above where it's trading now, though they also warned the stock has already jumped a lot and buyers may want to wait for a pullback.
• Taiwan's stock market opened shaky on worries about Nvidia's CEO facing a possible board decision over personal controversy, which could ripple through the supply chain, but the market quickly recovered.
• Separately, Foxconn posted record-high monthly revenue, and memory chipmaker Nanya Technology got a big price target increase, though analysts cautioned the memory stock rally may be cooling and advised against chasing it higher.

Outlook: If GIS-KY's foldable phone and laser businesses deliver as expected, the stock could keep climbing toward its target price, but a near-term pullback looks likely after such a sharp rally.