Movement Alert｜ILUVATAR COREX Intraday Rise 4.64% in Regular Trading, Semiconductor Rebound and Product-Earnings Momentum Support Shares

Market Focus10-16

On October 16, ILUVATAR COREX rose 4.64% intraday in regular trading, trading at HK$82.8, with turnover of HK$36.95 million.

The move coincided with a broader rebound in semiconductor names, with peers including MONTAGE TECH, GIGADEVICE and BIREN TECH also advancing, indicating improving sector sentiment after the previous session’s sharp sell-off.

Company-specific support also remained in focus. ILUVATAR COREX recently unveiled its Tiangai 300 IXL144 supernode solution, integrating 144 GPUs and 18 CPUs in a single rack, while its latest interim results showed revenue of RMB946 million, up 191.6% year over year, and adjusted net profit of RMB246 million, reversing a prior loss. A broker had also reiterated a buy rating and said earnings could exceed expectations, helping reinforce confidence in its domestic AI compute positioning.

(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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