On October 9, MINIMAX-W rose 3.57% in regular trading, reaching an intraday high of HK$214.8 with turnover of HK$388 million. The stock rebounded technically after two consecutive sessions of sharp declines that pushed shares to a stage low.

The rebound comes amid broader pressure on Hong Kong-listed large language model (LLM) stocks, with the sector experiencing deep corrections recently. Despite sell-side support—including an initial buy rating from Tianfeng Securities and Goldman Sachs maintaining its buy rating citing inference efficiency advantages—short-term price action has been dominated by sentiment and capital flows. Shareholder equity changes disclosed earlier, including Trident Trust Company Limited and Floating Cloud Limited clearing their long positions on September 29, had triggered profit-taking pressure in prior sessions. The current uptick reflects a short-term technical rebound rather than a fundamental catalyst.

(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.)