ILUVATAR COREX (09903) saw its shares jump more than 10% in morning trading. At the time of writing, the stock was up 10.61% to HK$5.11, with a trading turnover of HK$623 million.

On June 8th, Hong Kong Exchanges and Clearing announced that, under its fast-track inclusion mechanism, ILUVATAR COREX will be added to the Hang Seng TECH Index. This inclusion will take effect after market close on June 12th and be implemented from June 15th. Furthermore, starting June 8th, the company was formally included in the list of eligible securities for the Mainland-Hong Kong Stock Connect Southbound trading. This move is expected to enhance the trading liquidity of the company's Hong Kong shares, broaden its reach among mainland institutional and retail investors, and strengthen its linkage with the mainland capital market.

ILUVATAR COREX is a leading domestic provider of general-purpose GPU products and AI computing power solutions. Its business focuses on AI training GPUs, AI inference GPUs, AI computing servers/clusters, and the supporting software ecosystem. The company achieved high revenue growth in 2025, with its general-purpose GPU products serving as the primary growth driver. Guotai Junan Securities forecasts the company's revenue for the years 2026 to 2028 to be RMB 2.578 billion, RMB 5.002 billion, and RMB 8.323 billion, respectively. Based on a price-to-sales (PS) valuation, a 50x multiple for 2026 is applied, yielding a target price of HK$5.8816.