On June 4, Innoscience (02577.HK) rose 3.8% in regular trading, reaching HKD 78.05 per share, with trading volume of HKD 325 million.
On the news front, the semiconductor and electronic components sector rallied against a broadly weaker Hong Kong market, lifting Innoscience as a core sector constituent. Additionally, the company completed the conversion of approximately 374 million domestically unlisted shares into H-shares on June 3, with these converted shares officially commencing trading on the Hong Kong Stock Exchange on June 4. The total listed H-shares increased from approximately 526 million to 899 million shares.
The AI power supply chain narrative continues to support sentiment. Innoscience's chairman recently attended NVIDIA's MGX Ecosystem Ceremony, reinforcing the company's position as the sole Chinese enterprise on NVIDIA's 800V high-voltage direct current system supplier list. Institutional research has highlighted accelerating GaN semiconductor demand migration toward AI data centers, with brokerages projecting robust earnings growth as data center and humanoid robotics GaN penetration rates rise.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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