Hong Kong AI Concept Stock Daily：Global DRAM Market Revenue Rose 385% YoY in Q2, AI Chips Strengthened Against the Trend-20260907

NewTimeSpace · 2026/09/07 18:04 · By Xuran Lin

On September 7, 2026, the three major Hong Kong indices collectively retreated, with the Hang Seng Index down 0.93%, the Hang Seng TECH Index down 0.92%, and the Hang Seng China Enterprises Index down 1.46%. On that day, AI concept stocks showed divergent performance, with AI chips strengthening against the trend, while the large model and intelligent driving segments were mostly under pressure.

I. Market Overview

On September 7, 2026, the three major Hong Kong indices collectively retreated, with the Hang Seng Index down 0.93%, the Hang Seng TECH Index down 0.92%, and the Hang Seng China Enterprises Index down 1.46%. The Hang Seng Index's total market turnover was HK$209.7 billion, and southbound funds saw a net inflow of HK$1.275 billion. On that day, AI concept stocks showed divergent performance, with AI chips strengthening against the trend, while the large model and intelligent driving segments were mostly under pressure.

In the large model segment, KUAISHOU-W (01024.HK) rose 0.95% against the trend. Z.AI (02513.HK) fell 5.30%, Baidu Group-W (09888.HK) fell 4.69%, and MINIMAX-W, TENCENT, ALIBABA-W, and MEITUAN-W followed the declines.

In the AI chip segment, MONTAGE TECHNOLOGY (06809.HK) rose 6.65%, and GIGADEVICE, HUA HONG GRACE, and SMIC followed the gains. ILUVATAR COREX (09903.HK) plunged 11.42%, and BIREN TECH followed the declines.

In the intelligent driving segment, HORIZONROBOT-W (09660.HK) rose 1.03%, and WERIDE-W followed the gains. PONY-W (02026.HK) fell 6.32%, and BLACK SESAME and ROBOSENSE followed the declines.

In the embodied intelligence segment, UBTECH ROBOTICS (09880.HK) dipped slightly by 0.12%, and XIAOMI-W (01810.HK) fell 3.31%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change(%)	Sector / Concept
06809.HK	MONTAGETECH	279.000	6.65	AI Chips
03986.HK	GIGADEVICE	491.600	5.77	AI Chips
01347.HK	HUA HONG GRACE	115.100	4.92	AI Chips
00981.HK	SMIC	68.300	1.64	AI Chips
09660.HK	HORIZONROBOT-W	4.400	1.03	Autonomous Driving
01024.HK	KUAISHOU-W	33.980	0.95	LLM
00800.HK	WERIDE-W	16.100	0.75	Autonomous Driving
09880.HK	UBTECH ROBOTICS	85.550	-0.12	Embodied AI
02533.HK	BLACK SESAME	10.620	-0.19	Autonomous Driving
09988.HK	BABA-SW	109.600	-0.45	LLM
00700.HK	TENCENT	438.400	-0.99	LLM
06082.HK	BIRENTECH	41.160	-1.06	AI Chips
02498.HK	ROBOSENSE	18.060	-1.20	Autonomous Driving
03690.HK	MEITUAN-W	80.050	-2.08	LLM
00100.HK	MINIMAX-W	350.800	-2.93	LLM
01810.HK	XIAOMI-W	27.500	-3.31	Embodied AI
09888.HK	BIDU-SW	91.400	-4.69	LLM
02513.HK	Z.AI	1,018.000	-5.30	LLM
02026.HK	PONY-W	54.100	-6.32	Autonomous Driving
09903.HK	ILUVATAR COREX	339.800	-11.42	AI Chips

Data Source: HKEX. For reference only, not investment advice. Data as of market close on September 7, 2026.

III. AI Industry & Corporate Developments

1. Kimi and MiniMax to Open Stores on Tmall Soon

News on September 5: after Z.AI's first e-commerce platform store landed on Tmall, a number of large model vendors including Kimi, MiniMax, and StepFun are also in discussions with Tmall, and will settle on Tmall in the future to open official flagship stores, selling Token subscription package products.

2. MIIT Issues the "Artificial Intelligence SME Entrepreneurship Support Plan (2026-2028)"

Recently, the General Office of the Ministry of Industry and Information Technology issued the "Artificial Intelligence SME Entrepreneurship Support Plan (2026-2028)." Over three years, in key areas such as industry applications, data services, and intelligent computing power, it will cultivate a large number of AI startups with strong innovation活力and great growth potential, newly foster more than 10,000 technology-based and innovative small and medium-sized enterprises, exceed 2,000 specialized, sophisticated, distinctive, and innovative "little giant" enterprises, and bring forth a batch of gazelle enterprises and unicorn enterprises.

3. Global Semiconductor Equipment Shipments Reached USD 40.53 Billion in Q2, Up 23% YoY

News on September 6: the "Worldwide Semiconductor Equipment Market Report" recently released by SEMI showed that global semiconductor equipment shipments in the second quarter of 2026 rose 23% year-on-year to USD 40.53 billion, up 11% quarter-on-quarter.

4. Global DRAM Market Revenue Rose 385% YoY in Q2 2026

News on September 6: the global DRAM market analysis report released by research firm Counterpoint Research showed that total global DRAM market revenue in Q2 2026 rose 385% year-on-year, up 57% quarter-on-quarter. In terms of specific vendor performance, Samsung Electronics (38%), SK Hynix (25%), and Micron (24%) still occupy the top three shares of the global DRAM market.

5. Weekly Call Volume of Chinese Large Models Exceeded the US for 19 Consecutive Weeks, Firmly Ranking First Globally

News on September 7: according to the latest data estimates from OpenRouter, last week (August 31 to September 6), the total global call volume of AI large models was 115 trillion Tokens, up 1.77% week-over-week. The weekly call volume of Chinese large models has exceeded that of the United States for 19 consecutive weeks, firmly ranking first in the world. Last week, four of the top five by global call volume were Chinese AI large models. Among them, Tencent Hunyuan Hy4preview ranked first, with a weekly call volume of 14.7 trillion Tokens, up 379% week-over-week.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
KUAISHOU-W	01024.HK	A leading multimodal content generation platform in China	Kling AI has completed independent financing with a total cap of USD 3 billion, at a post-money valuation of USD 18 billion, setting a global record for video foundation model companies, with plans to initiate a Hong Kong IPO within the next 12 months. Kling AI's quarterly revenue has exceeded 650 million RMB, with an Annualized Run Rate (ARR) of nearly USD 500 million. Its general LLM “KwaiYii” and video generation model “Kling” are undergoing continuous iteration, demonstrating high commercial conversion efficiency in scenarios such as e-commerce live streaming and automated marketing.
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.
MONTAGETECH	06809.HK	Global memory interconnect chip leader & core supplier for AI computing interconnects	A world-leading fabless IC design company and the largest memory interconnect chip supplier globally by 2024 revenue, holding a 36.8% market share. Its main product portfolio includes interconnect ICs (DDR5 RCD, MRCD/MDB, PCIe Retimers, CXL MXC) and the Jintide server platform, widely deployed across data centers, servers, and AI infrastructure. Driven by AI inference and Agent workloads increasing CPU centrality, memory interconnect demand continues to expand. H1 2026 revenue is projected at ~RMB 3.335 billion (+26.6% 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.
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.

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