AGM Group shares surge 12.20% premarket after announcing strategic procurement of AI storage chips from top-tier suppliers.

AGM Group Holdings Inc. surged 12.20% in premarket trading following the announcement of a strategic procurement initiative to secure enterprise-grade NAND flash and controller chips from top-tier semiconductor suppliers. The move aims to develop all-flash storage server systems tailored for AI workloads, addressing storage bottlenecks in data centers by transitioning from traditional HDDs and SSDs to high-density, NVMe-based architectures. The initiative emphasizes supply chain resilience, energy efficiency, and cost reduction for AI infrastructure, aligning with AGMH’s dual-engine strategy of hardware innovation and algorithmic advancement. The CEO highlighted that resolving data delivery constraints is critical for unlocking GPU potential in AI training, positioning AGMH as a provider of core AI infrastructure technologies. This expansion into AI storage complements the company’s existing semiconductor and cryptocurrency production capabilities, reinforcing its vertical integration strategy.