On September 16, ILUVATAR COREX rose 3.16% in regular trading, trading at HK$113.2/share, with turnover of HK$88.47 million. The stock continued to benefit from its recent inclusion in the Hang Seng Tech Index as the first and only GPU-track constituent, a milestone expected to sustain passive fund inflows.

The company's capitalization issue was completed on September 15 via ex-rights, distributing 2 new shares for every 1 share held, substantially lowering the share price base and per-lot trading threshold to improve secondary market liquidity. The special resolution was passed at the extraordinary general meeting on September 10. Meanwhile, the broader semiconductor sector provided additional tailwinds, with BIREN TECH up 4.12%, HUA HONG GRACE up 2.27%, and MONTAGE TECH up 1.41%.

On the institutional front, Macquarie recently reiterated its Outperform rating with a target price of HK$1,060, citing the company's penetration into Chinese cloud service provider clients and the expected ramp-up of next-generation GPGPU chips, with mass production of the Tiangai-300 training chip potentially beginning in Q4.

(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.)