Movement Alert｜Unisound AI Technology Rises 5.03% in Regular Trading, Continuing Technical Rebound After Lock-up Expiry Selloff

Market Focus10:03

On July 3, Unisound AI Technology rose 5.03% in regular trading, trading at HK$74.25/share, with turnover of HK$39.73 million. The stock continued its technical rebound for a second consecutive session following a dramatic 41% single-day plunge on June 30.

The June 30 crash was triggered by the expiration of the company's one-year post-IPO lock-up period, which released over 40 million shares into the open market. Following two days of recovery, market panic sentiment has gradually dissipated. On the fundamental side, the company recently signed a RMB 253 million general construction contract for its Hangzhou AI Chip Innovation Headquarters and launched its new-generation U2 large language model in June, which ranked among the global top ten on LLM Stats.

The broader AI sector provided additional tailwinds on the day, with Horizon Robotics-W up 9.56% and SenseTime-W up 3.79%, generating positive sentiment spillover to individual names.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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