Stock Track | Horizon Robotics-W Soars 5.28% Intraday on Robot Cerebellum Model Release and Aggressive Buybacks

Stock Track

05/21

Horizon Robotics-W's stock surged 5.28% during intraday trading on Thursday, marking a significant upward movement for the company.

The sharp rise appears driven by two key positive developments. First, the company recently officially released and open-sourced HoloMotion-1, a 400-million-parameter cerebellum large model designed for advanced humanoid robot full-body control. This technological advancement demonstrates the company's progress in a cutting-edge field and could enhance its competitive positioning.

Secondly, the company has engaged in substantial share repurchase activity, buying back over HK$270 million worth of shares in the recent week. The board has also proposed authorization to repurchase up to 10% of the issued share capital, a move widely interpreted as a strong signal of management's confidence in the company's current valuation and future prospects.

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