Hong Kong AI Concept Stock Daily：wo LLM Leaders Pulled Back After Early Gains; AI Chip Names Sharply Diverged-20260814

NewTimeSpace · 2026/08/14 18:07 · By Boyuan Chen

On August 14, 2026, Hong Kong's three major indices all weakened collectively. The Hang Seng Index fell 1.10%, the Hang Seng TECH Index fell 1.77%, and the Hang Seng China Enterprises Index fell 1.02%.AI concept stocks saw sharp intraday volatility that day, with many names retreating across the board after rallying in early trading.The AI chip segment showed clear divergence. SMIC (00981.HK), buoyed by better-than-expected second-quarter results, closed up 4.81%, while GIGADEVICE (03986.HK) rose 2.00%. HUA HONG GRACE (01347.HK), by contrast, fell nearly 12% on weaker-than-expected third-quarter revenue guidance, with BIREN TECH and MONTAGE TECHNOLOGY also softening.

I. Market Overview

On August 14, 2026, Hong Kong's three major indices all weakened collectively. The Hang Seng Index fell 1.10%, the Hang Seng TECH Index fell 1.77%, and the Hang Seng China Enterprises Index fell 1.02%. Total market turnover on the Hang Seng stood at HK$254.2 billion, with net southbound (Stock Connect) outflows of HK$1.316 billion. AI concept stocks saw sharp intraday volatility that day, with many names retreating across the board after rallying in early trading.

The large-language-model (LLM) segment weakened collectively. The "two LLM leaders"—Z.AI (02513.HK)—rose more than 5% intraday in early trading before pulling back with the sector, closing down 3.57%; MINIMAX-W (00100.HK) rose nearly 4% intraday in early trading before reversing sharply lower, closing down 14.01%. TENCENT, ALIBABA-W, MEITUAN-W and other names all declined.

The AI chip segment showed clear divergence. SMIC (00981.HK), buoyed by better-than-expected second-quarter results, closed up 4.81%, while GIGADEVICE (03986.HK) rose 2.00%. HUA HONG GRACE (01347.HK), by contrast, fell nearly 12% on weaker-than-expected third-quarter revenue guidance, with BIREN TECH and MONTAGE TECHNOLOGY also softening.

The smart-driving segment was broadly weak. ROBOSENSE (02498.HK) fell 2.04%, with HORIZONROBOT-W and BLACK SESAME (02533.HK) following lower, while PONY-W edged up 0.16% and WERIDE-W rose 1.24%.

In the embodied-AI segment, UBTECH ROBOTICS (09880.HK) edged down 0.06% and XIAOMI-W (01810.HK) fell 1.00%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change	Sector / Concept
00981.HK	SMIC	70.800	4.81	AI Chips
03986.HK	GIGADEVICE	511.000	2.00	AI Chips
00800.HK	WERIDE-W	15.490	1.24	Autonomous Driving
02026.HK	PONY-W	64.050	0.16	Autonomous Driving
09880.HK	UBTECH ROBOTICS	90.850	-0.06	Embodied AI
00700.HK	TENCENT	440.000	-0.23	LLM
09660.HK	HORIZONROBOT-W	5.005	-0.89	Autonomous Driving
01810.HK	XIAOMI-W	25.620	-1.00	Embodied AI
06809.HK	MONTAGETECH	283.800	-1.05	AI Chips
09903.HK	ILUVATAR COREX	412.000	-1.44	AI Chips
02533.HK	BLACK SESAME	11.470	-1.63	Autonomous Driving
09988.HK	BABA-SW	119.900	-1.64	LLM
01024.HK	KUAISHOU-W	40.060	-1.86	LLM
02498.HK	ROBOSENSE	22.140	-2.04	Autonomous Driving
09888.HK	BIDU-SW	100.800	-2.14	LLM
02513.HK	Z.AI	1,270.000	-3.57	LLM
03690.HK	MEITUAN-W	87.200	-4.44	LLM
06082.HK	BIRENTECH	36.440	-4.61	AI Chips
01347.HK	HUA HONG GRACE	130.200	-11.55	AI Chips
00100.HK	MINIMAX-W	329.000	-12.69	LLM

Data Source: HKEX. For reference only, not investment advice. Data as of market close on August 14, 2026.

III. AI Industry & Corporate Developments

1. DeepSeek V4-Pro and its repricing plan released simultaneously

On August 13, DeepSeek's official WeChat account announced the official release of DeepSeek V4-Pro, while its API repricing plan also came to light. DeepSeek will adopt a peak/off-peak pricing mechanism, with idle-period prices set at half of peak-period prices. Peak periods are 09:00–12:00 and 14:00–18:00 Beijing time, with the remainder being idle periods. The new prices take effect at 00:00 on August 17.

2. IBM and OpenAI partner to accelerate secure AI deployment in enterprises' core operations

On August 13, IBM announced a strategic partnership with OpenAI aimed at helping enterprises achieve business outcomes by deploying artificial intelligence at scale across core business operations and complex workflows, while strengthening cyber defense and resilience through programs such as OpenAI Daybreak. In addition, IBM will launch a dedicated OpenAI business unit staffed by thousands of consultants and engineers who have completed advanced certification training through the OpenAI Partner Network.

3. Anthropic may list in October; the largest IPO in history could change hands

Reported on August 13, several Anthropic investors revealed that the company is expected to list in October at a valuation of US$2 trillion or higher. If the forecast proves accurate, that valuation would surpass SpaceX's, making it the largest initial public offering in history. Anthropic's investors said robust demand for AI models and tools underpins its valuation. Anthropic's annualized revenue is expected to reach US$100 billion to US$120 billion by the end of 2026, achieving more than 10x growth over the full year.

4. Google launches Gemini 3.7 Flash — improved coding, half the price

On August 14, Alphabet-C (GOOG.US) unveiled Gemini 3.7 Flash, positioned as the "smartest work model," targeting coding, agents, and complex workflows. It scored 43.6% on the FrontierCode 1.1 Main benchmark (vs. 34.4% for the prior generation) and 65.3% on DeepSWE v1.1 (vs. 49.0%). By year-end, every 1 million input/output tokens will cost just US$0.75/US$3.75 — half the prior generation's original price.

5. HUA HONG GRACE Q2 sales revenue ~US$718 million, up 26.8% YoY

On August 13, HUA HONG GRACE disclosed second-quarter sales revenue of approximately US$718 million, up 26.8% year-on-year; profit of US$38.639 million, up 385.9% year-on-year. The increase was mainly attributable to higher wafer volumes and rising average selling prices. The company expects Q3 2026 sales revenue of approximately between US$770 million and US$780 million, with gross margin of approximately between 16% and 18%.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
GIGADEVICE	03986.HK	Platform semiconductor leader spanning memory, MCUs, analog ICs, and sensors	Offers complete product categories including memory (NOR Flash, DRAM), microcontrollers (GD32 MCU), analog ICs, and sensors. Focuses on deep integration between AI and end applications across embodied AI, data centers/servers, industrial energy, and automotive. In March 2026, its DRAM procurement quota with CXMT surged from RMB 1.182 billion to RMB 5.711 billion. In July, it partnered strategically with Neusoft Reach to empower the smart vehicle sector.
SMIC	00981.HK	Mainland China's premier pure-play foundry with complete process coverage	The leading foundry in Mainland China, steadily ramping advanced modified N+1/N+2 nodes to absorb domestic AI compute chip orders. Mature nodes (28nm and above) provide stable cash flow backed by automotive power semiconductor demand. Positioned at the intersection of domestic AI substitution and mature-node revaluation, Q1 2026 revenue reached $2.505 billion (+11.5% YoY) with capacity utilization at 93.1%.
UBTECH ROBOTICS	09880.HK	The purest humanoid robot stock in Hong Kong	The company focuses on humanoid robot R&D, full‑stack motion control algorithms, and commercial deployment across industrial and logistics scenarios. Its flagship Walker S series has been integrated into assembly lines of leading new energy vehicle manufacturers for parts handling, precision assembly, and intelligent quality inspection, pioneering the transition from lab prototypes to industrial automation at scale.
PONY-W	02026.HK	Global commercialization leader in L4 autonomous mobility and logistics	The first autonomous driving company in China to secure fully driverless Robotaxi commercial operation permits across all four top-tier cities (Beijing, Shanghai, Guangzhou, Shenzhen). Core operations span autonomous ride-hailing (Robotaxi) and freight services (Robotruck), with Robotaxi deployments across 9 countries and public operations in overseas markets including Croatia, Qatar, Singapore, and South Korea. Targeting a global fleet exceeding 3,000 vehicles across 20+ cities by 2026, the company has achieved positive unit economics per vehicle.
WERIDE-W	00800.HK	The world's only L4 cross-scenario autonomous driving platform holding permits across seven countries	Holds autonomous driving permits across China, the UAE, Singapore, France, Saudi Arabia, Belgium, and the US. Built upon the proprietary WeRide One platform, the company covers smart mobility, logistics, and sanitation across five core product lines: Robotaxis, Robobuses, Robosweepers, Robovans, and Advanced Driving Assistance Systems (ADAS). Operations cover over 30 cities across 11 countries, supported by an L4 fleet exceeding 1,500 vehicles.

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