HK Stock Market Move | CGN MINING (01164) rose more than 6% in the morning session, with the development of nuclear fusion expected to accelerate under the catalysis of artificial intelligence. Uranium producers face the risk of production guidance being lowered.

CGN MINING (01164) rose more than 6% in early trading, up 5.08% to HK$1.86, with a total turnover of HK$48.4199 million as of press time. On the news front, Trump announced on the 21st that three companies, SoftBank Group, the American Open AI Research Center, and Oracle Corporation, will invest $500 billion to build infrastructure supporting AI development in the United States. In addition, Trump plans to prioritize the development of nuclear energy production in the United States with his nominee for Energy Secretary, Chris Wright. Zheshang pointed out that under the catalysis of AI, the development of nuclear fusion is expected to accelerate. Furthermore, Morgan Stanley released a research report stating that there is a risk of a downward revision of production targets for KazAtomProm, the world's largest uranium producer, which has had a clear impact on uranium prices and CGN MINING in the past. The bank predicts that there is a roughly sixty to seventy percent chance of CGN MINING's stock price rising in the next 15 days.