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Performance Shipping Inc. shares rise 1.09% after-hours following Avnet's Q4 sales of $5.6 billion.
ByAinvest
Wednesday, Aug 6, 2025 5:20 pm ET1min read
Performance Shipping Inc. rose 1.09% in after-hours trading. The company's stock price increase may be attributed to the recent news of two Chinese nationals being arrested for illegally shipping AI chips, including Nvidia H100s, to China. This event could potentially impact the shipping industry, as it highlights the importance of compliance with export controls and the potential risks associated with illegal activities.
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