On June 9, Iluvatar CoreX rose 4.33% in regular trading, reaching 472.6 HKD/share, with trading volume of approximately HKD 106 million. The rally was driven by the Hong Kong Exchange announcing that Iluvatar CoreX will be included in the HKEX Tech 100 Index under its fast-track inclusion mechanism, with the adjustment set to take effect next Monday after this Friday's market close.
This marks the second consecutive catalyst for the stock, following its formal inclusion in the Shanghai-Shenzhen Stock Connect on June 8, which triggered a surge of over 15% in the prior session. Market analysis suggests that index inclusion typically attracts passive fund inflows from index-tracking portfolios, enhancing stock liquidity and market visibility. Additionally, Guotai Junan initiated coverage with an Outperform rating and a target price of HKD 588.16, implying significant upside from current levels. The company is a leading domestic general-purpose GPU and AI computing solutions provider, with revenue growing 91.6% year-over-year in fiscal year 2025.
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