Stock Track | ILUVATAR COREX Soars 5.12% Intraday on Strong Annual Report and AI Chip Rally

Stock Track04-16

ILUVATAR COREX's stock price soared 5.12% during intraday trading on Thursday, marking a significant upward movement.

The surge follows the company's release of its first annual report since listing, which showed impressive financial performance. Full-year revenue increased by 91.6% year-over-year to RMB 1.034 billion, while gross profit jumped 110.5% to RMB 558 million. The core general-purpose GPU business was particularly strong, with revenue surging 149.6% year-over-year to RMB 923 million.

Additionally, positive sentiment in the global AI chip sector, fueled by NVIDIA's tenth consecutive session of gains, provided further momentum. Market analysts suggest that domestic AI chip makers with robust supply-side capabilities are well-positioned to benefit from this accelerating growth trend.

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