Stock Track | PHANCY Soars 5.11% Intraday on RMB 400 Million GPU Server Investment and Strong Financial Results

Stock Track04-30 13:43

PHANCY's stock price surged 5.11% during intraday trading on Thursday, marking a significant upward movement for the AI-focused company.

The rally is primarily attributed to the company's announcement of a plan to purchase GPU servers and related accessories for a total consideration of RMB 400 million. According to company filings, these servers will be deployed for model inference and training to support its API business, aiming to meet rapidly growing market demand for API calls.

Additional positive catalysts contributing to investor sentiment include the recent official launch of the company's PhanthyModel AI tool, which automates the modeling process, and the disclosure of strong annual financial results. The company reported its first-ever positive adjusted profit and highlighted a substantial 400% quarterly surge in Token call volume for its AI services.

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