HK Stock Market Move | FOURTH PARADIGM (06682) rose by more than 4% recently, with several institutions raising their target prices. Institutions are optimistic about AI applications closely following the wave of computing power.

FOURTH PARADIGM (06682) rose more than 4%, up 4.45% as of press time, to HK$59.85, with a turnover of HK$486 million. On the news front, overseas Oracle announced AI cloud business guidance after hours, exceeding expectations, with a total remaining performance obligation of up to $455 billion in the first quarter of fiscal year 2026, a significant increase of 359% year-on-year. HAITONG INT'L pointed out that in August, the State Council issued the "Opinions on Deepening the Implementation of the Action Plan for 'AI+'", with domestic computing power leader Cambricon's revenue surging 4348% in the first half of this year, and Alibaba reiterating its AI capital expenditure reaching $380 billion within three years. Optimistic about the rapid deployment of AI applications following the computing power wave. It is worth mentioning that recently, several well-known brokerages have raised their target prices for FOURTH PARADIGM, all optimistic about the growth potential and unique value of this AI pioneer in the era of "AI+". BOCOM INTL raised FOURTH PARADIGM's target price from HK$64 to HK$81, maintaining a "buy" rating. Daiwa believes that FOURTH PARADIGM has a solid position in the field of artificial intelligence and will benefit from the development trend of "AI+". The company's target price was raised from HK$58 to HK$74.