On June 24, Biren Technology rose 3.49% in regular trading, trading at HK$63.4/share, with turnover of HK$107 million. The stock rebounded following the previous session's pullback from its all-time high of HK$66.35.

On the news front, DBS published a research report initiating coverage on Biren Technology with a fair value of HK$80.74, implying approximately 31% upside from the current price. DBS is bullish on the company's structural opportunity to benefit from expanding capital expenditure by Chinese cloud service providers, projecting a revenue compound annual growth rate of 147% from fiscal year 2026 to 2028.

Meanwhile, the semiconductor sector staged a broad-based rally, with Hua Hong Grace up 12.51%, GigaDevice up 6.89%, SMIC up 6.68%, and Montage Technology up 4.51%, providing strong sector tailwinds. The company has recently completed Day0-level adaptation for over 20 leading large language models including Zhipu GLM-5.2 and MiniMax M3, demonstrating its full-stack technical capabilities in the domestic AI computing ecosystem.

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