Movement Alert｜Tianshu Zhixin Falls 3.21% in Regular Trading, Continued Pullback as ByteDance Chip Procurement Rumor Remains Unconfirmed

Market Focus06-17

On June 17, Tianshu Zhixin fell 3.21% in regular trading, trading at HK$506.5/share, with turnover of HK$14.32 million. The stock extended its decline following a 5.05% drop in the prior session, as profit-taking pressure persisted.

On the news front, earlier reports cited sources claiming ByteDance was in talks with Tianshu Zhixin to purchase at least 50,000 AI inference chips, which would make the company ByteDance's third major domestic GPU supplier after Huawei and Cambricon. However, neither ByteDance, Tianshu Zhixin, nor Baidu has responded to requests for comment, and transaction details remain undecided. Market participants viewed the continued decline as a natural correction following a sharp rumor-driven rally on June 15 when the stock surged as much as 15% intraday. With the deal unconfirmed, short-term traders have continued to take profits.

(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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