On May 28, Biren Technology rose 3.04% in regular trading, trading at 54.25 HKD/share, with trading volume of approximately 207 million HKD. The stock continued its upward trajectory driven by a confluence of positive catalysts.

On the news front, Biren Technology was recently included in the Hang Seng Composite Index, effective June 8, with the market widely expecting the company to be simultaneously added to the Stock Connect eligible list, opening a channel for mainland capital inflows. Additionally, CLSA published a research report noting that China's computing power shortage will persist until at least 2027, with Biren Technology poised to benefit from the supply-demand imbalance and domestic substitution trends. Daiwa Securities initiated coverage with a Buy rating and a HK$100 price target. The company's BR166 chip also recently received National Security Level-I certification, marking the first time AI training and inference chips were included in the security evaluation framework.

Within the Semiconductor sector, broad strength provided further support. Among peers, HUA HONG SEMI rose 11.29%, SMIC rose 4.28%, while GIGADEVICE fell 4.93%, MONTAGE TECH fell 0.17%, and INNOSCIENCE fell 5.6%.

(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.)