Major tech stocks like NVIDIA, Microsoft, Alphabet, and META have sharply declined after a sustained period of growth, leading to the loss of hundreds of billions in market capitalization. FPT, a leading tech firm in Vietnam, is no exception, having dropped 16% from its peak amid rising selling pressures. Currently, FPT’s market capitalization stands at around 191 trillion VND, down 33 trillion from the start of 2025. Alongside profit-taking pressures, the rise of low-cost AI startups from China has sparked concerns among investors, although FPT’s management believes this can enhance AI application in businesses. KBSV forecasts that FPT’s IT revenue will grow by 24.7% in 2025, reaching 38.597 trillion VND. IT services abroad are also expected to continuously drive growth. Additionally, FPT aims for revenues of 75.4 trillion VND in 2025, maintaining strong growth for several years.
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