On September 17, ILUVATAR COREX rose 4.08% in regular trading, trading at HK$122.3/share, with turnover of HK$32.51 million. The rally was primarily driven by the continued effect of the company's recent inclusion in the Hang Seng Tech Index as its first and only GPU-sector constituent, which is expected to draw sustained passive fund allocation.

Additionally, the company's capitalization issuance completed its ex-rights adjustment on September 15, distributing 2 new shares for every 1 share held, significantly lowering the post-adjustment share price base and reducing per-lot entry costs to improve secondary market liquidity. The special resolution was approved at the extraordinary general meeting on September 10.

On the institutional front, Macquarie maintained its Outperform rating on the stock with a target price of HK$1,060, citing confidence in the mass production outlook of the Tiangai-300 new training chip as early as Q4 and medium-term growth potential from CSP and large language model clients. Separately, GF Securities maintained a Buy rating, projecting revenue of RMB 3.10 billion, RMB 6.47 billion, and RMB 10.53 billion for the fiscal years ending December of the next three years.

(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.)