HK Stock Market Move | Fibocom Wireless Inc. (00638) has surged more than 10% recently, with a strong catalyst from the proliferation of AI at the terminal side. Sales of Huawei's AI toys sold out within seconds.

Fibocom Wireless Inc. (00638) rose more than 10% at the beginning of the trading session, and as of the time of writing, it has risen by 6.79% to 17.62 Hong Kong dollars, with a turnover of 85.2016 million Hong Kong dollars. On the news front, recently, there has been a surge in demand for AI on the edge. At the Huawei Mate80 series launch event, the emotional chat AI toy "Smart Man" was unveiled with a price of 399 yuan, and it went on sale at 10:08 on November 28. It was reported that this AI toy sold out instantly on the Huawei Mall and is currently temporarily out of stock. It is understood that this "Smart Man" AI toy was co-designed and developed by Luobo Intelligence and Huawei as a collaboration with Fuzozo and "Smart Man". In June this year, Fibocom Wireless Inc. announced a strategic partnership with Luobo Intelligence, stating that it would empower the AI nurturing series of trendy toys Fuzozo from Luobo Intelligence. Shenwan Hongyuan Group previously pointed out that according to Fibocom Wireless Inc.'s official WeChat account and announcement, it reached a cooperation agreement with the leading AR glasses company XREAL in October to provide ODM solutions, enabling AR glasses to efficiently handle AI tasks such as speech recognition conversations and image analysis locally. Continuously promoting communication + computing power, it has launched the "Nebula Series" 1-50T full matrix AI module and solution, which can run different parameter edge large models. The AIStack platform promotes the commercial deployment of edge AI, widely used in various machine vision scenarios, and has launched solutions such as AI infrared cameras, intelligent cockpits, AI glasses, and AI toys, benefiting from the release of AI demand for high computing power at the edge.