The signing of key agreements by a company can often lead to considerable gains in the stock and that is what seemed to have happened with the Netlist Inc (OTC: NLST) stock on Tuesday.
The Netlist stock surged by as high as 75% after the company announced yesterday that it signed an agreement with regards to patents cross-licensing with SK Hynix. The patents cross-licensing are with regards to memory technologies that have been created by both companies.
However, that is not all. An agreement has also been signed by way of which SK Hynix is going to supply products and also provide technical support for CXL HybriDIMM technology that has been built by Netlist. The company is also going to get a royalty payment from SK Hynix for the same and that makes these agreements particularly important for Netlist. Considering the sort of gains made by NLST stock, it might be a good idea for investors to keep an eye on the stock over the course of the week.
Finance and Entertainment Reporter
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