Why Himax Technologies Stock Soared Today

Evan Niu, CFA, The Motley Fool
Why Himax Technologies Stock Soared Today

Shares of Himax Technologies (NASDAQ: HIMX) have soared today, up by 28% as of 2:10 p.m. EDT, after the company announced a new offering that supports an artificial intelligence (AI) framework created by Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google. Himax had said in February that it was collaborating with Google. Himax is launching WiseEye WE-I Plus HX6537-A, a new processor that will support Google's TensorFlow Lite for Microcontrollers.