On June 18, Tianshu Zhixin (09903.HK) rose 8.08% in regular trading, trading at 546.5 HKD/share, with turnover of 73.063 million HKD. The stock rebounded sharply following continued positive developments around a potential major chip procurement deal.

On the news front, multiple media outlets reported that ByteDance is in advanced discussions with Tianshu Zhixin to purchase at least 50,000 AI chips this year, primarily for inference workloads supporting its AI chatbot Doubao. The chips in question are reportedly from the Zhikai series cloud inference GPU lineup, with the Tiangai series designated for training scenarios. If the deal is finalized, Tianshu Zhixin would become ByteDance's third major domestic GPU supplier after Huawei and Cambricon. Additionally, Guoxin Securities issued a Buy rating with a target price of 650 HKD, while Guotai Juton initiated coverage with an Overweight rating and a 588.16 HKD target. The company's 2025 revenue reached RMB 1.034 billion, up 91.6% year-over-year, with gross profit growing 110.5%.

(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.)