FPT “loses” nearly 1 billion USD in market capitalization since the beginning of the year: What’s happening?

As of March 12, FPT’s stock has decreased by 1.16%, bringing its price down to 135,900 VND, with a total market capitalization loss of more than 24.4 trillion VND, leaving it at nearly 200 trillion VND. The downward trend began in early 2025, pressured by the low-cost AI model DeepSeek from China, causing concerns in the tech sector. However, FPT believes the emergence of DeepSeek may stimulate the application of AI in businesses rather than negatively impacting FPT AI Factory’s performance. FPT has invested 200 million USD in an AI factory in Hanoi and plans to invest another 200 million USD for a factory in Japan, expected to begin operating by the end of March 2025. In 2024, FPT reported revenues of 62.849 trillion VND and a pre-tax profit of 11.071 trillion VND, both increasing compared to the previous year. FPT aims for revenues of 75.4 trillion VND and a pre-tax profit of 13.395 trillion VND in 2025.