On September 28, SENSETIME-W declined 3.17% in regular trading, trading at HKD 1.225/share, with turnover of approximately HKD 105 million, as broader AI sector sentiment came under sustained pressure.

On the news front, Oracle issued a force majeure notice regarding its large-scale data center project in New Mexico, a core site within the Stargate initiative in collaboration with OpenAI originally slated for launch in 2028. The development triggered market concerns over the pace of global AI infrastructure buildout and the sustainability of capital expenditure across the AI hardware and software supply chain.

Adding to the headwinds, U.S. Treasury yields surged to multi-year highs, with the 10-year yield reaching its highest level since 2007 and the 30-year yield hitting a 22-year peak. CME FedWatch data showed the probability of a 25-basis-point rate hike at the October meeting climbing to 67.5%, further compressing valuations for offshore technology stocks. The Hang Seng Tech Index weakened in tandem, with AI-related names including SENSETIME-W tracking the sector-wide pullback.

(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.)