Movement Alert｜MINIMAX-W Falls 4.16% in Regular Trading, Large-Model Shares Remain Under Pressure

Market Focus09:32

On October 15, MINIMAX-W fell 4.16% in regular trading, trading at HK$195.1, with turnover of HK$122 million.

The move aligns with continued weakness across Hong Kong-listed AI and large-model names, with market sentiment remaining cautious amid concerns over intensifying competition, rising financing needs, and heavier computing infrastructure investment.

Recent public disclosures showed the company generated revenue of US$117 million in the first half, up 283.1% year over year, but adjusted net loss widened to US$293 million, underscoring ongoing uncertainty around profitability and valuation support. Sector peers were also under pressure in recent sessions, reinforcing that the latest decline appears tied primarily to broader industry sentiment rather than an isolated company-specific event.

(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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