Movement Alert｜MANYCORE TECH Intraday Rise 5.37%, Physical AI Trading Sentiment Continues to Support the Stock

Market Focus11-02 11:23

On November 2, MANYCORE TECH rose 5.37% in regular trading, trading at HK$3.14, with turnover of HK$101 million.

The move followed continued market interest in physical AI themes, with the company still being traded as a relatively scarce related Hong Kong-listed name.

Earlier public disclosures showed management had outlined plans to focus on computing power, data and model commercialization, while core management also voluntarily extended or entered into 12-month lock-up undertakings covering 483.2 million shares, or about 27.99% of issued share capital. On fundamentals, the company previously reported first-half AI new application and new product revenue growth of more than 177% year over year, while adjusted net profit rose 211% to RMB55.42 million.

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