ILUVATAR COREX Shares Surge Over 12% to Record High, Benefiting from AI Computing Demand and GPU Localization

Deep News06-25 10:40

Shares of ILUVATAR COREX (09903) surged more than 12% during trading, reaching a high of HK$887.50 and setting a new record high since its listing.

At the time of writing, the stock is up 9.26% to HK$861, with a turnover of HK$584 million.

Analysts believe the company continues to benefit from the strong supply and demand dynamics in AI computing power and the industry trend of increasing localization rates for GPUs. The company's product portfolio, including the TianGai, ZhiKai, and TongYang series, forms a comprehensive product matrix. With iterative upgrades to its product architecture and accelerated progress in commercial customer deployments, the company's financial performance is expected to see sustained growth from 2026 to 2028.

Further analysis indicates the company is nearing the successful commercialization phase, having established deep collaborations with several domestic cloud service providers. Significant shipments are anticipated in the second half of 2026 and throughout 2027.

The company maintains a stable overseas sales channel and is actively developing its domestic distribution network.

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