Stock Track | DEEPEXI TECH Soars 5.41% Intraday on Brokerage Coverage, Strong Financials and AI Sector Rally

Stock Track04-21

DEEPEXI TECH's stock soared 5.41% during intraday trading on Tuesday, reflecting significant investor interest in the company.

The surge follows multiple leading brokerages initiating coverage on the company with favorable ratings. Guotai Haitong Securities assigned an "Overweight" rating, while CITIC Securities issued a target price of 68 HKD. Institutions expressed optimism regarding DEEPEXI TECH's positioning in the enterprise-level large model AI application space.

Additionally, the company reported strong financial performance with full-year revenue growth of 70.8% year-over-year and its core product FastAGI platform revenue surging 181.5% YoY. The adjusted net loss narrowed significantly by 71.4%, indicating improving operational efficiency. The sustained rally in the Hong Kong AI concept sector also contributed to the stock's upward momentum through sector-wide linkage effects.

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