Stock Track | ILUVATAR COREX Plummets 5.26% Intraday as Investors Take Profits After Strong Rally Fueled by Earnings and Broker Coverage

Stock Track04-21

ILUVATAR COREX's stock plummeted 5.26% intraday on Tuesday, marking a significant pullback in its recent trading activity.

The decline appears to reflect short-term profit-taking by investors following a sustained and substantial rally. The stock had experienced rapid appreciation with cumulative gains exceeding 150% year-to-date, driven by multiple positive catalysts.

The recent rally was fueled by the company's strong financial performance, including full-year revenue growth of 91.6% year-over-year, with its core general-purpose GPU business revenue surging 149.6%. Furthermore, major brokerages JPMorgan and Huatai Securities initiated coverage with "Overweight" and "Buy" ratings respectively, citing the AI chip demand explosion and domestic substitution opportunities. The company also reinforced its AI ecosystem positioning by completing the native adaptation of Baidu's ERNIE-Image model.

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