MANYCORE TECH's stock soared 5.60% during intraday trading on Friday, marking a significant rebound.

The surge follows multiple positive developments, including Guotai Haitong Securities initiating coverage with an Overweight rating and a target price of HK$24.90, citing the company's spatial intelligence ecosystem. Additionally, MANYCORE TECH's spatial intelligence large model has completed national generative AI service filing, achieving early compliance certification in China. The company also open-sourced its 3D Gaussian browser Aholo Viewer and announced a strategic partnership with Insta360 to launch a next-generation spatial reconstruction solution.

These catalysts have bolstered market confidence, driving capital inflows after a recent short-term correction.