ILUVATAR COREX (09903) rose more than 6%, and as of press time, was up 4.12% at HK$82.2, with turnover of HK$274 million.
On the news front, the company recently launched its first 144-card super node solution. Shenwan Hongyuan pointed out that domestic foundation models are ushering in a new round of intensive iterations, with DeepSeek releasing V4.1-Flash and open-sourcing a full set of infrastructure components for the Ascend platform, and Moonshot previewing Kimi K3.1, as domestic models continue to narrow the gap with overseas leading models in Agent Engineering, Coding and complex reasoning capabilities.
The bank believes that against the backdrop of supply falling short of demand for computing power, the TianGai 300 IXL144, as the company's first single-rack 144-card super node solution, positions itself to meet the core inference computing needs of major internet firms, and the company's order visibility is expected to improve significantly, with future results potentially exceeding expectations.
Shenwan Hongyuan continued that the domestic super node ecosystem is gradually maturing, and the computing power foundation will accelerate its deployment in the second half of 2026. At present, the domestic super node ecosystem is gradually moving toward open source, with major internet firms, AI chip makers and server vendors jointly developing super node products, formally entering the super node era from the demand side.
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