HK Stock Market Move | ILUVATAR COREX(09903) rose more than 13% in the afternoon, with a total market value exceeding 180 billion Hong Kong dollars. It is rumored that Byte is in talks to purchase 50,000 computing power chips from ILUVATAR COREX.

ILUVATAR COREX (09903) rose more than 13% in the afternoon, hitting a new high of 717.5 Hong Kong dollars, with a total market value exceeding 180 billion Hong Kong dollars. As of the time of writing, it was up 11.83% at 704.5 Hong Kong dollars, with a turnover of 1.429 billion Hong Kong dollars. On the news front, recent reports suggest that ByteDance is in talks with domestic GPU manufacturer ILUVATAR COREX to purchase AI chips, with an expected delivery of at least 50,000 chips this year, mainly to support the reasoning computation of its AI chatbot Siasun Robot&Automation. According to IT Times, Alibaba is also in contact with ILUVATAR COREX and is likely to become its next customer. Caitong pointed out that in terms of GPGPU, the company has a good customer base in the industry, and top cloud computing manufacturers are expected to achieve breakthroughs. With the wave of localization, high-speed growth is expected to continue. The growth of inference chips is expected to outpace that of training chips. It is estimated that the revenue of the GPGPU business will be 2.425 billion, 4.548 billion, and 7.258 billion yuan in 2026-2028, with corresponding growth rates of 162.8%, 87.6%, and 59.6%.