On June 10, Huaqin Technology rose 3.05% in regular trading, trading at 81.8 HKD/share, with trading volume of approximately 89.08 million HKD. The stock continues its rebound trajectory after bottoming at 73.75 HKD on June 8 following a multi-day pullback from its post-listing high.

The stock previously surged over 21% on June 1 catalyzed by NVIDIA GTC Taipei and AI computing infrastructure tailwinds, then experienced consecutive profit-taking declines from June 3 through June 8. The current rebound is underpinned by notable institutional support: Morgan Stanley increased its position by approximately 701,900 shares on June 3 at around 92.58 HKD per share, raising its stake to 6.52%; Goldman Sachs initiated coverage with a Buy rating and a target price of 127.76 HKD, projecting a 32% revenue compound annual growth rate for 2025-2027, driven by end-to-end R&D capabilities and product mix upgrades improving gross margins.

Notably, Huaqin Technology is rising against the broader sector trend, with peers including Lenovo Group down 5.28%, Legend Holdings down 4.47%, and Longcheer down 5.21%.

(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.)