On July 24, ILUVATAR COREX declined 4.14% in regular trading, trading at 546.5 HKD/share, with turnover of approximately 96.85 million HKD. The stock extended its multi-day retreat as the broader chip sector remained under selling pressure.

On the news front, concerns over the sustainability of overseas cloud giants' AI capital expenditure continued to weigh on the semiconductor sector. Alphabet's Q2 capital expenditure reached $44.92 billion, with full-year guidance raised to $195-200 billion, while free cash flow turned negative at -$5.9 billion. Markets are increasingly worried that sustained heavy AI computing investment may not deliver long-term profitable returns, undermining the sector's forward earnings outlook. Multiple institutions have flagged that sector trading crowdedness is at historical highs, and the mid-year earnings window is expected to trigger repricing of richly valued chip names that have front-loaded future growth expectations, suggesting continued near-term consolidation pressure.

(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.)