Movement Alert｜ILUVATAR COREX Rises 17.82% in Regular Trading, Semiconductor Sector Collective Rebound Combined with Fourth-Gen Architecture Roadmap Catalyst

Market Focus07-31

On July 31, ILUVATAR COREX rose 17.82% in regular trading, trading at 450.0 HKD/share, with turnover of HKD 335 million. The stock surged amid a broad semiconductor sector rally and renewed optimism surrounding its fourth-generation GPU architecture roadmap.

The semiconductor sector staged a powerful collective rebound, with GigaDevice up 23.66%, Montage Technology up 17.50%, Biren Technology up 16.26%, and Hua Hong Grace up 10.04%. ILUVATAR COREX had previously suffered significant cumulative losses in July due to cornerstone investor lock-up expiry pressure and the dilutive impact of a HKD 7 billion placement completed at approximately 15% discount in mid-July.

Changjiang Securities recently maintained a Buy rating on the company, citing the newly launched TG300 flagship GPU delivering breakthroughs in chip architecture, inference performance, software stack, and system capabilities. Multiple institutions including Goldman Sachs (target price HKD 1,000) and Bank of America (target price HKD 1,013) have initiated coverage with Buy ratings, citing expanding domestic AI compute demand and rising market share for domestic AI chips amid import restrictions on high-end overseas GPUs.

(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.)

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