Hong Kong AI Concept Stock Daily：AI chips and hardware rallied across the board; Iluvatar CoreX (09903.HK) rose 10.68%-20260817

NewTimeSpace · 2026/08/17 17:50 · By Jiayi Sun

On August 17, 2026, the Hang Seng Index rose 1.34%, the Hang Seng TECH Index rose 1.58%, and the Hang Seng China Enterprises Index rose 1.19%. The Hang Seng Index recorded a turnover of HK$210.8 billion, with southbound (mainland) funds posting a net inflow of HK$3.077 billion.The AI chip and hardware direction surged across the board, becoming the main driver of the day's rebound. Iluvatar CoreX (09903.HK) rose 10.68%, Montage Technology (06809.HK) rose 9.58%, and GigaDevice, HUA HONG GRACE, Biren Technology, and SMIC posted sharp gains.

I. Market Overview

On August 17, 2026, Hong Kong's three major indices recovered collectively: the Hang Seng Index rose 1.34%, the Hang Seng TECH Index rose 1.58%, and the Hang Seng China Enterprises Index rose 1.19%. The Hang Seng Index recorded a turnover of HK$210.8 billion, with southbound (mainland) funds posting a net inflow of HK$3.077 billion.

The large-model segment diverged. The two leaders, MINIMAX-W (00100.HK), buoyed by expectations of a potential "blue-chip inclusion" (Hang Seng Index addition), rose 1.46%, while Z.AI (02513.HK) fell 5.28%. Theme-related tech leaders such as Tencent Holdings, Alibaba-W, and Meituan-W strengthened.

The AI chip and hardware direction surged across the board, becoming the main driver of the day's rebound. Iluvatar CoreX (09903.HK) rose 10.68%, Montage Technology (06809.HK) rose 9.58%, and GigaDevice, HUA HONG GRACE, Biren Technology, and SMIC posted sharp gains.

The smart-driving theme diverged: Black Sesame (02533.HK) rose 4.10%, with WeRide-W and RoboSense following the gains. Horizon Robotics-W and Pony.ai-W weakened.

In the embodied-intelligence direction, UBTECH ROBOTICS (09880.HK) rose 2.09%, and Xiaomi-W (01810.HK) rebounded 1.01%, ending its decline.

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 17, 2026.

III. AI Industry & Corporate Developments

1. Alibaba officially open-sources the Qwen3.8 series models

On August 14, Alibaba announced the formal open-sourcing of the Qwen3.8 series models, freely downloadable, deployable, and usable by all developers, research institutions, and enterprises. The newly open-sourced Qwen3.8-27B is a native multimodal dense model with only 27 billion parameters, whose overall performance surpasses Qwen3.7-Plus.

2. Global AI giant Anthropic's Q2 revenue exceeds US$11.5 billion

On August 17, global AI giant Anthropic's Q2 revenue exceeded US$11.5 billion, up 1,361% year-on-year. More importantly, the company's adjusted operating profit turned from negative to positive in the quarter, marking a new stage in its commercialization process.

3. Guangdong launches first token-economy dedicated financial product "Token Loan"

On August 14, Guangdong's first token-economy dedicated financial product, "Token Loan," was launched in Haizhu District, Guangzhou. China Merchants Securities noted that in 2026 the AI industry's main theme is shifting from "expanding CapEx" to "Token production and commercialization." It recommends firmly grasping the large-model commercialization theme, capturing deterministic areas such as domestic computing power and computing-power leasing, and valuing high-elasticity directions such as Data Infra and applications.

4. Biren Technology expects H1 revenue of approximately RMB 1.15 billion to RMB 1.3 billion

On August 17, Biren Technology publicly projected first-half revenue of approximately RMB 1.15 billion to RMB 1.3 billion, up 1,852%–2,107% year-on-year. Period losses and losses attributable to the company's owners are approximately RMB 320 million to RMB 400 million, with the loss amount narrowing substantially by approximately 75%–80% year-on-year; adjusted period losses (measured under non-IFRS) are approximately RMB 290 million to RMB 360 million, with the loss amount narrowing by approximately 35%–47% year-on-year.

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.
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).
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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