Hong Kong Stocks Movement | FIBOCOM (00638) Surges Over 10% Amid Intensive Edge AI Catalysts; Huawei's AI Toy Sells Out Instantly

FIBOCOM (00638) surged over 10% in early trading. By the time of writing, the stock was up 6.79% at HKD 17.62, with a turnover of HKD 85.20 million.

The rally follows recent intensive catalysts in edge AI. During the Huawei Mate80 series launch event, the emotional companion AI toy "Smart Hanhan" was unveiled, priced at RMB 399. It went on sale at 10:08 AM on November 28 and reportedly sold out instantly on Huawei's official store, currently listed as temporarily out of stock.

Developed jointly by Roborock Intelligence and Huawei, "Smart Hanhan" is a customized collaboration between Fuzozo and the "Hanhan" series. In June, FIBOCOM announced a strategic partnership with Roborock Intelligence, pledging to empower the latter's AI-driven trendy toy brand Fuzozo.

According to Shenwan Hongyuan, FIBOCOM partnered with leading AR glasses maker XREAL in October as an ODM solutions provider, enabling AR glasses to efficiently process AI tasks like voice recognition and image analysis locally. The company continues to advance its "communication + computing" strategy, launching the "Nebula Series" 1-50T full-matrix AI modules and solutions tailored for edge-side large models.

Its AIStack platform accelerates the commercial adoption of edge AI, widely applied in machine vision scenarios. FIBOCOM has introduced solutions such as AI infrared cameras, smart cockpits, AI glasses, and AI toys, positioning itself to benefit from the growing demand for high-computing edge hardware in AI applications.