On July 3, Iluvatar CoreX rose 3.71% in regular trading, trading at 653.0 HKD/share with turnover of 198 million HKD. The stock opened lower but quickly rebounded after consecutive sharp declines from its all-time high of 887.50 HKD set on June 25, including a 14.53% single-day plunge on July 2.

On the news front, Macquarie recently initiated coverage on Iluvatar CoreX with an Outperform rating and a target price of 1,240 HKD, while JPMorgan raised its target price to 920 HKD maintaining an Overweight rating, projecting 125% and 241% compound annual sales and earnings growth respectively for 2026-2028. The significant gap between these bullish targets and the current price, combined with reports that ByteDance is in discussions to procure at least 50,000 AI inference chips from the company, strengthened dip-buying interest following the oversold conditions.

(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.)