Shares of GEEKPLUS-W (02590) experienced a significant rise, climbing more than 8% during the morning trading session. At the time of reporting, the stock was up 6.91%, trading at HK$12.54 with a turnover of HK$28.63 million.

The upward movement follows the company's recent announcements. It has unveiled its first major share repurchase program since listing, with the board approving a plan to buy back up to HK$20 billion worth of H-shares on the open market over a 24-month period.

Additionally, the company intends to grant awards to eligible participants and service providers. The total plan authorization limit is set at 10% of the total issued shares, approximately 124 million Class B ordinary shares. A separate sub-limit for service providers is 1%, equating to around 12.4 million Class B ordinary shares.

It is noteworthy that GEEKPLUS-W was recently included in the Hang Seng AI Theme Index and the HKEX Tech100 Index.

Analysis suggests that global AI capital expenditure is expected to remain robust through 2026. As an integrated intelligent entity with proven capabilities for real-world application deployment, GEEKPLUS-W is positioned as a potential major beneficiary of this trend. Its inclusion in these indices is significant, as it typically triggers regular allocation adjustments by index-tracking funds, which could channel substantial incremental capital into the stock.