NEC is trading at €31.79, up 5.30%, with no confirmed company announcement directly explaining the October 22 move.

  • Reuters said NEC was one of two suppliers competing for a U.S.-backed Southeast Asian undersea cable; selection was expected later in October, with no award reported.
  • The gain contrasted with a technology-sector selloff amid AI-spending concerns and higher oil prices.
  • A cyberattack at a NEC subcontractor affecting customer information was reported October 20; it does not explain the same-day rise.