On September 1, ILUVATAR COREX rose 3.76% in regular trading, trading at HKD 402.4/share, with turnover of HKD 256 million, outperforming the broader semiconductor sector which traded broadly lower.

On the news front, the company was previously confirmed for inclusion in the Hang Seng TECH Index, with the adjustment set to take effect on September 7. ILUVATAR COREX will become the first and currently only GPU company among the index constituents. Institutional estimates suggest the inclusion could generate approximately HKD 690 million in passive fund net inflows, with the majority of passive fund rebalancing expected to concentrate in the one to two trading days preceding the effective date.

Notably, the stock had fallen sharply on August 31 after its interim results revealed that while revenue surged 191.6% year-over-year to RMB 946 million and net profit turned positive at RMB 106 million, gross margin contracted significantly from 50.1% to 17.2%, raising concerns over earnings quality. Within the semiconductor sector, peers including SMIC fell 2.26% and HUA HONG GRACE fell 0.24%, indicating broader sector headwinds against which ILUVATAR COREX traded contrarily.

(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.)