Movement Alert｜Jingwei Tiandi (New) Falls 5.88% in Regular Trading, AI Computing Power Concept Faces Continued Profit-Taking

Market Focus05-21

On May 21, Jingwei Tiandi (New) (02477.HK) fell 5.88% in regular trading, trading at HK$3.68/share, with trading volume of HK$193 million. The stock extended its downward trend following notable pullbacks on May 15 and May 20.

On the news front, the decline reflects continued profit-taking pressure after the stock surged on AI computing power concept speculation. The company had previously announced an AI strategy upgrade, planning to extend into computing power leasing platforms, computing power scheduling and optimization platforms, and Token aggregation APIs. Following a significant single-day rally of over 24% on May 12 driven by large block purchases, the stock experienced multiple sharp rebounds and corrections. The company itself cautioned in its announcement that the AI business remains at an early stage and is subject to various uncertainties including technology, market, and policy factors. Market divergence has intensified as investors reassess the gap between the concept narrative and near-term fundamental delivery.

(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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