HK Stock Market Move | Fibocom Wireless Inc. (00638) rises more than 7% as the development of edge AI accelerates. Institutions are optimistic about the company's layout of emerging businesses.

Fibocom Wireless Inc. (00638) rose more than 7%, up 7.5% at the time of publication, hitting 18.05 Hong Kong dollars with a trading volume of 2.09 billion Hong Kong dollars. On the news front, recently, the Fimob Wireless Inc. unveiled the food dream marmot AI package based on its self-developed MagiCore 2.0 light computing power companion solution at the Alibaba Cloud Tianyi Exhibition. In addition, Fibocom Wireless Inc. recently answered investor questions on the interactive platform, stating that the company's 5G, V2X, and other wireless communication module and solution products can be applied in the field of autonomous driving, currently primarily used in the automotive intelligent cockpit area. Shenwan Hongyuan Group previously stated that as a global IoT module core, Fibocom Wireless Inc. is expected to continue driving performance growth with layouts such as edge AI/Siasun Robot & Automation, as well as vehicle-mounted/FWA, among others.