On July 23, ILUVATAR COREX rose 3.25% in regular trading, trading at 578.5 HKD/share, with turnover of 68.56 million HKD.

On the news front, multiple major international investment banks have recently initiated coverage on the company with buy ratings: Goldman Sachs set a target price of 1,000 HKD, Bank of America Securities assigned a target of 1,013 HKD, Macquarie initiated with an Outperform rating and a target of 1,240 HKD, while CMBI raised its target price to 878 HKD. Institutions broadly favor the company's growth potential as a leading domestic GPGPU supplier amid rising AI capital expenditure in China.

Additionally, the company recently launched its next-generation flagship GPU product Tiangai 300 during the World Artificial Intelligence Conference, and has reportedly secured orders from ByteDance, further enhancing near-term revenue visibility. Goldman Sachs expects the company's net profit to turn positive by 2027, with operating expense ratio declining from 156% in 2025 to 23% by 2030.

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