Stock Track | ILUVATAR COREX Soars 8.25% Intraday on ByteDance AI Chip Procurement Talks

Stock Track06-22

ILUVATAR COREX (09903) experienced a significant surge of 8.25% during Monday's intraday trading session, continuing its strong upward momentum in the market.

The sharp price increase appears to be driven by reports that ByteDance is in advanced negotiations with the company to purchase at least 50,000 AI inference chips from its Zhikai series. These chips are primarily intended for large model inference workloads supporting ByteDance's AI chatbot Doubao. If finalized, this deal would make ILUVATAR COREX ByteDance's third major domestic GPU supplier and could contribute approximately RMB 600 million in revenue based on estimated pricing.

While neither party has officially confirmed the potential transaction, industry analysts have assessed the credibility of the reports as extremely high based on the specificity of details and market reactions. The broader semiconductor sector also showed strength during the session, reflecting sustained investor interest in domestic AI computing infrastructure companies.

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