On June 23, Tianshu Zhixin (09903.HK) rose 5.37% in regular trading, reaching HKD 760.0 per share, with turnover of HKD 200 million. The stock extended its recent rally, hitting fresh highs following last week's strong gains.

The continued upward momentum is driven by reports that ByteDance is in discussions with Tianshu Zhixin to procure at least 50,000 AI inference chips, primarily to support its AI chatbot Doubao. If the deal is finalized, Tianshu Zhixin would become ByteDance's third domestic GPU supplier after Huawei and Cambricon. Additionally, Alibaba is reportedly in contact with the company as a potential customer. Analysts project the company's GPGPU business revenue to reach RMB 2.425 billion in 2026, representing growth of 162.8% year-over-year.

The broader semiconductor sector showed strength, with SMIC up 4.12% and Hua Hong Grace up 4.68%. Tianshu Zhixin's total market capitalization has surpassed HKD 180 billion, having risen over 300% since its January IPO at HKD 144.6 per share.

(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.)