Hong Kong AI Concept Stock Daily (July 27, 2026)

NewTimeSpace · 2026/07/27 17:23 · By Zeyu Wu

On July 27, 2026, Hong Kong stocks closed higher with the Hang Seng Index up 0.98%, driven by rallies in Foundation Models and Embodied AI. MINIMAX-W surged 17.14% following a bullish Goldman Sachs rating, while XIAOMI-W jumped 7.34% on new EV model announcements and stock buybacks. Key industry catalysts include domestic DRAM leader Changxin Technology surging over 470% on its STAR Market IPO debut, Hong Kong’s upcoming Embodied AI listings in late August, and strong endorsements of Chinese AI from Jensen Huang and Elon Musk.

I. Market Overview

On July 27, 2026, Hong Kong stocks closed higher as geopolitical tension between the US and Iran eased. The Hang Seng Index gained 0.98% to close at 25,207.18 points, the Hang Seng TECH Index rose 1.57%, and the Hang Seng China Enterprises Index advanced 1.14%. Total daily turnover reached HKD 210.5 billion, representing a slight volume expansion compared to the prior trading day. Internet majors traded broadly higher, with MEITUAN-W up 3.0% and TENCENT gaining nearly 2.0%.

Foundation Model equities staged a strong rally. MINIMAX-W surged 17.14% after management signaled positive operational progress during an investor call; Goldman Sachs reiterated its "Buy" rating with an HKD 860 target price, citing healthy gross margins for API services, daily processing exceeding 1 trillion tokens for its M3 model, and the upcoming launch of M3 Pro expected around September-October. Z.AI also advanced 3.56%.

AI computing hardware supply chain stocks rallied in afternoon trading. Surging demand for AI compute infrastructure continued to drive tight supply and elevated pricing for high-end PCBs, with tier-one manufacturer order books locked through 2027. Consequently, Kincore Microelectronics jumped 19.3%, Dtech Technology rose 7.4%, and Victory Giant Technology added 6.3%. Conversely, memory concept stocks traded soft, with MONTAGETECH falling over 3.0%.

The Embodied AI sector showed active momentum. A Tesla executive confirmed that the Optimus humanoid robot line in Fremont will commence production by late 2026, targeting a long-term annual capacity of 1 million units. Meanwhile, XPeng began small-batch trial production of its humanoid robot at its Guangzhou facility as mass production nears. Among supply chain plays, Life Harmonic Harmonic Drive rose 7.3%, Zhaowei Electromechanical gained 3.9%, and Sanhua Intelligent Controls added 3.2%.

In autonomous driving, XIAOMI-W surged 7.34%, leading blue-chip gainers after scheduling its Pengcheng Series Technology Conference for July 30 to unveil the N90 and N70 extended-range electric vehicle (EREV) SUVs, bolstered by consecutive share buybacks reinforcing market confidence. HORIZONROBOT-W gained 4.52%, while NIO-SW fell 1.2% and XPeng-W slipped 1.1%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change	Sector / Concept
00100.HK	MINIMAX-W	229.6	17.14%	LLM
01810.HK	XIAOMI-W	28.68	7.34%	Embodied AI
09903.HK	ILUVATAR COREX	597	6.04%	AI Chips
09660.HK	HORIZONROBOT-W	4.62	4.52%	Autonomous Driving
02513.HK	Z.AI	1281	3.56%	AI Chips
02533.HK	BLACK SESAME	11.33	3.00%	Autonomous Driving
03690.HK	MEITUAN-W	89.3	3.00%	LLM
02026.HK	PONY-W	57.25	2.05%	Autonomous Driving
00700.HK	TENCENT	443	1.93%	LLM
02498.HK	ROBOSENSE	22.4	1.54%	Autonomous Driving
01024.HK	KUAISHOU-W	42.66	1.33%	LLM
09988.HK	BABA-SW	111	0.91%	LLM
09888.HK	BIDU-SW	104.3	0.00%	LLM
09880.HK	UBTECH ROBOTICS	78.6	-0.06%	Embodied AI
01347.HK	HUA HONG GRACE	148.6	-0.80%	AI Chips
00981.HK	SMIC	70.65	-0.98%	AI Chips
06809.HK	MONTAGETECH	322	-3.19%	AI Chips
00800.HK	WERIDE-W	14.28	-3.64%	Autonomous Driving
03986.HK	GIGADEVICE	546	-3.87%	AI Chips
06082.HK	BIRENTECH	34.8	-5.07%	AI Chips

Data Source: HKEX. For reference only, not investment advice. Data as of market close onJuly 27, 2026.

III. AI Industry & Corporate Developments

1. Changxin Technology Debuts on STAR Market, Surging over 470% at Open to Become A-Share Market Cap Leader

On July 27, domestic DRAM leader Changxin Technology (688825.SH) officially listed on the Shanghai Stock Exchange STAR Market, marking the largest IPO in STAR Market history (raising RMB 57.638 billion, potentially reaching RMB 66.6 billion upon full greenshoe exercise). Opening at RMB 49.50 per share, up 471.59% from its RMB 8.66 issue price, its total market capitalization reached RMB 3.31 trillion, surpassing Industrial and Commercial Bank of China (ICBC) as the top market cap stock in the A-share market. Driven by the AI-induced memory price upcycle, Q1 revenue reached RMB 50.8 billion (+719% YoY). The listing establishes a firm valuation anchor for domestic computing hardware, spurring strong positive valuation spillover expectations for Hong Kong-listed AI chipmakers.

2. Hong Kong Market Prepares for First Embodied AI IPO as Early as Late August

Public filings indicate that the Hong Kong stock market may welcome its first Embodied AI IPO as early as late August, with Agibot and Galbot drawing the highest market interest. Agibot has completed its joint-stock conversion, with its general-purpose robot recently rolling off its 15,000th unit, while Unitree Technology has produced approximately 11,000 units of a single humanoid model. Analysts note that with humanoid robotics firms generally in early-stage commercialization and yet to turn profitable, tightening primary market liquidity is compelling category leaders to accelerate secondary listings, signaling an industry transition from technological narrative to capital market validation.

3. Xiaomi Announces July 30 Technology Event to Enter EREV SUV Segment

On July 27, Xiaomi Chairman Lei Jun announced on Weibo that Xiaomi Auto will hold its "Pengcheng Series Technology Conference" at 19:00 on July 30. The Pengcheng N90 and N70 EREV SUVs will formally debut, emphasizing spacious cabin dimensions and flexible interior layouts, marking Xiaomi Auto's strategic expansion from pure electric vehicles (BEVs) into the extended-range market. Coupled with four consecutive days of share buybacks and an upward revision of its annual smartphone shipment target to 110 million units, market consensus regarding Xiaomi's earnings trajectory continues to improve.

4. Jensen Huang and Elon Musk Reaffirm Confidence in Chinese AI Leadership

On Saturday, July 25, NVIDIA CEO Jensen Huang and Tesla CEO Elon Musk both publicly commented on China's AI capabilities. Huang stated that brilliant minds will always find exceptional solutions, noting that China is destined to produce world-class AI technologies and that global peers should continue learning from and collaborating with Chinese innovators. Concurrently, Musk expressed that China is highly likely to become a global leader in artificial intelligence, emphasizing that potential US restrictions on Chinese models would be ineffective. These statements reflect a notable pivot among global tech leaders following widespread Silicon Valley opposition to proposed US Treasury sanctions targeting Chinese AI models.

5. Samsung Chairman Lee Jae-yong Meets OpenAI CEO Sam Altman to Discuss AI and Semiconductor Synergies

On July 25 (local time), Samsung Electronics Executive Chairman Lee Jae-yong met with OpenAI CEO Sam Altman at OpenAI's headquarters in San Francisco. Industry observers expect discussions focused on deepening collaboration across AI infrastructure, including HBM, DRAM, and advanced foundry node manufacturing, alongside potential digital transformation frameworks to deploy generative AI across Samsung's broader business units. Coming shortly after SK Group's $500 billion AI partnership with NVIDIA, ties between South Korean conglomerates and global AI pioneers are accelerating, reshaping the global compute supply chain landscape.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
MINIMAX-W	00100.HK	A top-tier player dedicated to omni-modal Artificial General Intelligence (AGI)	The company continuously iterates its video generation model matrix and has partnered with mainstream domestic and overseas chip manufacturers and inference platforms to complete underlying adaptations. The total monthly active users (MAU) of its B2C and B2B LLM applications, along with multimodal API call volumes, maintain rapid growth, further broadening its computing power ecological layout.
XIAOMI-W	01810.HK	Full-stack AI technology giant anchored by the "Human x Car x Home" ecosystem	Its foundational model family MiMo has entered the top tier of global open-source models; MiMo-V2-Pro features over 1 trillion parameters, while MiMo-V2.5-Pro tied for 1st globally among open-source models with a score of 54 on the Artificial Analysis composite index. AI capabilities fully power the "Human x Car x Home" ecosystem, driving iterative upgrades in the CyberOne humanoid and CyberDog bionic quadrupeds. Multimodal computer vision, force-control algorithms, and automated dispatch logics are deeply integrated into dark-factory production and flexible manufacturing.
ILUVATAR COREX	09903.HK	Domestic general-purpose GPU pioneer & builder of full-scenario AI compute bases	Established in 2015, it is among the earliest domestic vendors to achieve mass production of general-purpose GPUs. Product lines cover training, inference, and edge computing across the Tiangai, Zhikai, and Tongyang series. In July 2026, it launched its next-gen flagship Tiangai 300 at WAIC, matching the Nvidia Hopper architecture. As of late 2025, it served 340+ clients across 30+ industries, generating core GPGPU revenue of ~RMB 923 million (+149.6% YoY).
HORIZONROBOT-W	09660.HK	China's leading intelligent driving computing solution provider and full‑stack vehicle intelligence enabler	Founded in 2015, it offers ADAS and high‑level autonomous driving solutions. Core products include the Journey-series in-car AI chips (cumulative shipments exceeding 10 million units), the HSD full‑scenario urban driving solution, and the "Starry 6P" cockpit‑driving integrated vehicle intelligence chip. In 2025, it held a 47.7% market share in domestic ADAS for independent brands, with full‑year revenue of RMB 3.758 billion, up 57.7% YoY.
Z.AI	02513.HK	A leading player in China's independent LLM sector	Knowledge Atlas Technology Joint Stock Company Limited (02513.HK; commercially known as Zhipu AI) is a leading player in China's independent large language model (LLM) sector (recognized for its capabilities and market position by Frost & Sullivan). The company has released its next-generation flagship model, GLM-5.2, achieving open-source State-of-the-Art (SOTA) performance in coding and agentic capabilities. It has also open-sourced the multimodal image generation model GLM-Image in collaboration with Huawei. Focusing on novel model architecture design, generalized reinforcement learning paradigms, and autonomous model evolution, its business layout closely aligns with the trend of enterprise-level AI productivity transformation.

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AI MINIMAX-W XIAOMI-W ILUVATAR COREX