On September 8, ILUVATAR COREX rose 3.24% in regular trading, trading at HK$352.4/share, with turnover of HK$108 million. The stock fell 11.42% in the prior session, and today's move represents a technical rebound supported by multiple bullish institutional calls.

Macquarie issued a research note maintaining its Outperform rating on ILUVATAR COREX with a target price of HK$1,060, citing the company's successful penetration into Chinese cloud service provider (CSP) clients and the expected contribution from its next-generation GPGPU chips. The broker noted that mass production of the Tiangai-300 training GPGPU chip, launched in July, could begin as early as Q4, with meaningful revenue contribution anticipated next year due to stronger compute power and higher average selling prices. Separately, Guosheng Securities maintained a Buy rating, projecting revenue of RMB 3.1 billion, RMB 6.5 billion, and RMB 10.5 billion over the next three years. The company reported H1 revenue of RMB 946 million, up 191.6% year-over-year, with adjusted net profit of RMB 246 million, marking a turnaround from a prior-year loss.

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