On August 4, ILUVATAR COREX rose 9.48% in regular trading, trading at 468.8 HKD/share. The semiconductor sector broadly recovered today, with HUA HONG GRACE up 3.0%, GIGADEVICE up 5.9%, SMIC up 3%, and MONTAGE TECH up 4.18%.
On the news front, the MiniMax H3 multimodal generation model was officially open-sourced on August 3, and ILUVATAR COREX completed adaptation support on the same day, demonstrating the company's continued expansion of software ecosystem compatibility. Following a 3.06% pullback in the prior session amid sector-wide profit-taking and placement overhang concerns, the stock staged a technical rebound driven by oversold recovery and positive ecosystem collaboration catalysts.
Broader context includes the company's July completion of a HKD 7.03 billion share placement at approximately 15% discount, and recent bullish coverage initiations from Goldman Sachs (target price HKD 1,000) and Bank of America (target price HKD 1,013), both citing China's AI capex upcycle and domestic GPU substitution tailwinds as core investment theses.
(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.)
