Movement Alert｜MINIMAX-W Falls 3.02% in Regular Trading, Large-Model Stocks Remain Under Pressure

Market Focus10-14 09:37

On October 14, MINIMAX-W fell 3.02% in Regular Trading, trading at HK$206.4, with turnover of HK$62.47 million.

The move followed continued weakness in Hong Kong-listed large-model names after the sector broadly declined in the prior session, with investors remaining cautious on intensifying competition, financing needs, and heavy computing investment across the industry.

Recent context shows MINIMAX-W opened lower on October 13 as large-model stocks weakened collectively. Public disclosures also show the company reported first-half revenue of US$117 million, up 283.1% year over year, but adjusted net loss widened to US$293 million, reinforcing market concern over the sector’s high-investment, high-loss business model and ongoing valuation pressure.

(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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