ILUVATAR COREX (HKEX: 09903) shares experienced a notable increase of over 6% in today's trading session.

As of the latest update, the stock was up 6.1%, trading at HK$434 with a turnover of approximately HK$95.28 million.

The upward movement follows significant corporate developments.

On June 5th, the Shanghai Stock Exchange issued a notice regarding adjustments to the eligible securities under the Shanghai-Hong Kong Stock Connect program.

ILUVATAR COREX was formally included in the list of Southbound Stock Connect securities, with the inclusion becoming effective from June 8th.

Analysts highlight the company's position as 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 expansion in demand for AI computing power is seen as a key driver, with domestic general-purpose GPU manufacturers benefiting from both high industry growth and accelerated localization trends.

The company continues to adhere to its "software-hardware co-design" philosophy, advancing the iterative upgrades of its TianGai and ZhiKai product series.

It has also released a new-generation software development platform that natively supports mainstream industry GPU programming models.

This platform provides crucial software support for unleashing the computing power of its self-developed general-purpose GPU chips and enabling large-scale commercial deployment.

A significant achievement underpinning this effort is the adaptation of over 610 algorithm models through its DeepSpark open-source community.