FIBOCOM (00638) saw its stock price surge 6.74% during intraday trading on Friday, reaching a peak of HKD 18.85. The significant uptick comes as investors show renewed interest in the company, driven by its strong market position and technological advancements, particularly in AI and robotics.

As the second-largest wireless communication module provider globally, FIBOCOM holds a 15.4% market share based on 2024 revenue. The company dominates several key sectors, including smart home and consumer electronics, where it claims the top global market share. Notably, FIBOCOM commands an impressive 75.9% share in the consumer electronics segment. Its strong presence extends to the automotive electronics market, where it ranks second globally, buoyed by increasing demand for high-reliability modules in the new energy vehicle sector.

Investors appear to be responding positively to FIBOCOM's progress in AI edge deployment and its expansion into industrial applications. The company has developed the Fibocom AIStack technology platform and introduced various AI-powered solutions across multiple industries. With plans for a Hong Kong IPO to further invest in AI modules and robotics, FIBOCOM is positioning itself for future growth in these cutting-edge sectors. Despite the day's gains, it's worth noting that the stock still trades about 12% below its IPO price, suggesting potential room for further recovery.