HK Stock Market Move | ILUVATAR COREX (09903) surged over 10% in morning trading; joined the Hang Seng Tech Index last week, becoming the first GPU constituent stock in the index.

ILUVATAR COREX (09903) rose over 10% in morning trading. As of press time, it was up 9.54% at HK$116.4, with a turnover of HK$387 million. On the news front, the adjustment results for Hang Seng Tech Index constituents officially took effect on September 7. ILUVATAR COREX became the first and currently the only GPU-track constituent stock in the index. This inclusion in the Hang Seng Tech Index constituent stocks represents important recognition from the capital market for the company's technological innovation, R&D investment, revenue growth, market capitalization, and liquidity. It will effectively broaden the company's investor base, attract broader market attention, and enhance the trading liquidity of the company's shares. Macquarie released a research report stating that following ILUVATAR COREX's launch of the new "Tiange-300" training GPGPU chip in July, mass production could begin as early as the fourth quarter of this year. With strong computing power, die-to-die interconnect, and a higher average selling price, it is expected to contribute significantly next year; management also plans to launch a new-generation supernode solution in the fourth quarter, with margins expected to be decent. The bank is confident in the company's medium-term prospects among CSP and large language model customers.