On June 8, Hua Qin Technology fell 4.58% in regular trading, trading at 73.65 HKD/share, with trading volume of 48.41 million HKD.

On the news front, the stock had surged over 21% intraday on June 1 to an all-time high following the NVIDIA GTC Taipei conference catalyst and AI computing infrastructure tailwinds. Since June 3, the stock has entered a multi-day correction as massive short-term accumulated gains triggered sustained profit-taking pressure.

Meanwhile, the Technology Hardware sector weakened broadly, with Longcheer down 4.02%, Xiaomi down 1.94%, and Legend Holdings down 1.85%, creating sector-wide downward momentum. Goldman Sachs previously initiated coverage on the H-share with a Buy rating and a target price of 127.76 HKD, citing a projected 32% revenue CAGR from AI data center growth and product mix upgrades supporting margin improvement, suggesting the medium-to-long-term fundamental thesis remains intact.

(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.)