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Last Session, What Drove The NLST Stock Up Almost 79%?



On Tuesday, Netlist Inc. (OTCQB: NLST) stock closed up 78.82% to $2.9700. During the session, the Netlist stock price ranged between $2.5100 and $3.0500, while 12.67M of NLST shares were traded. The NLST stock soared after the company reached an agreement to resolve trade and patent disputes.

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What were the disputes?

Netlist has been providing SSDs and modular memory subsystems to customers in diverse industries for years. NVMe SSDs from NLST deliver unparalleled performance in the relevant industry. It addresses the growing need for real-time analytics in Big Data applications and high-performance computing using HybriDIMM for CXL, NLST’s next-generation storage-class memory technology.

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In addition to manufacturing memory products for servers and storage customers, Netlist also manufactures specialized memory products for data centers. A portfolio of NLST patents covers technologies in the hybrid memory, server memory, rank multiplication, load reduction, and storage-class memory.

A patent licensing arrangement has been reached between SK Hynix Inc. and Netlist, Inc. that covers memory technologies of both companies, announced NLST in press release yesterday.

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