Movement Alert｜DEEPEXI TECH Falls 5.23% in Regular Trading, Systems Software Sector Broadly Weak as Post-WAIC Rally Unwinds

Market Focus07-22 13:26

On July 22, DEEPEXI TECH fell 5.23% in regular trading to HK$35.6/share, with turnover of HK$62.03 million. The decline came amid broad weakness across the Systems Software sector, with MINIMAX-W down 10.88%, MOBVOI down 8.57%, KNOWLEDGE ATLAS down 6.89%, and EXTREME VISION down 2.85%.

The pullback follows a sharp rally earlier this month. The stock had surged over 30% in three trading days around July 15-17, driven by catalysts including the 2026 World Artificial Intelligence Conference and a positive earnings preview projecting H1 revenue of RMB 2.66-2.91 billion, representing 101%-120% year-over-year growth. The company also formally launched its DeepWorks enterprise AI agent platform for public beta testing on July 18. With the WAIC conference concluded and multiple AI software names experiencing significant selling pressure, the stock has continued to retrace from its recent highs near HK$42.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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