Movement Alert｜Huaqin Technology Falls 3.17% in Regular Trading, Profit-Taking After Consecutive Surges Amid Broader Hardware Sector Weakness

Market Focus

Jun 03

On June 3, Huaqin Technology (03296.HK) fell 3.17% in regular trading, trading at HK$90.05/share, with trading volume of approximately HK$233 million.

The decline is primarily attributed to profit-taking pressure following massive short-term gains. The stock surged over 21% on June 1 to a post-listing high, catalyzed by NVIDIA's GTC Taipei conference and AI computing supply chain tailwinds, then continued rising over 4% on June 2. The substantial cumulative gains intensified selling pressure. Meanwhile, the broader Technology Hardware sector faced headwinds, with peers Lenovo Group down 2.71%, Xiaomi down 3.11%, and Legend Holdings down 4.55%.

Huaqin Technology is a leading intelligent hardware ODM platform engaged in R&D, manufacturing, and operational services across mobile terminals, computing and data centers, AIoT, and innovative businesses including automotive electronics. The company is deeply integrated into NVIDIA's AI ecosystem, with data center revenue projected to exceed RMB 60 billion annually.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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