HK Stock Market Move | AXERA (00600) rose more than 4% as the smart driving chip M97 made its appearance at the Beijing International Auto Show. Institutions predict that the product will provide new growth momentum.

AXERA (00600) rose more than 4%, as of the end of the report, it rose 3.19% to HKD 23.32, with a turnover of HKD 116.644 million. On the news front, recently, AXERA unveiled its high-end flagship intelligent driving chip M97 at the 2026 Beijing International Auto Show. In addition, a series of intelligent driving, intelligent cockpit, and in-cabin intelligent application (DMS/OMS/CMS) solutions based on AXERA's in-vehicle chips were showcased, and partnerships were formed with multiple intelligent car industry partners to jointly promote the large-scale application and high-end development of intelligent assisted driving. It is reported that the AXERA M57 chip has been officially mass-produced and is installed in models of leading new energy vehicle brands, providing computing power for basic driver assistance systems. Currently, M57 has secured multiple targeted projects both domestically and internationally. BOCOM INTL pointed out that AXERA is a leader in the AI inference system chip (SoC) industry, with broad potential for landing in visual AI inference and intelligent driving applications in terminal and edge AI products. The report indicates that with the introduction of the new intelligent driving product M57 into mass production, the company is expected to see strong growth in 2026; the high-end flagship intelligent driving product M97 will also provide momentum for its growth, with M97 successfully lighting up in February 2026 and expected to achieve mass production in the first quarter of 2027. In addition, benefiting from the trend of AI intelligence, the bank expects the company's edge AI inference business to grow by 226% and 180% annually in 2026 and 2027, respectively.