Biren Technology's stock soared 5.13% during intraday trading on Thursday, reflecting a significant uptick in investor sentiment.
The surge was primarily driven by overnight strength in NVIDIA shares, which extended a prolonged winning streak and boosted global AI compute sentiment, lifting the domestic GPU sector broadly. Additionally, Biren Technology's latest annual report showed strong financial performance, with full-year revenue surging 207.2% year-over-year and gross margin improving to 53.8%, driven by the mass production and delivery of its BR106 and BR166 GPU series.
As Hong Kong's first pure-play general-purpose GPU listing under the 18C specialist technology framework, Biren continues to attract significant market attention amid sector-wide momentum fueled by AI demand.
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