Hong Kong AI Concept Stock Daily: ILUVATAR COREX Leads with an 8.83% Gain as Tiangai 300 IXL144 Supernode Debuts - 20261014

NewTimeSpace · 2026/10/14 17:36 · By Xuran Lin

On October 14, 2026, the HSTECH rose 0.91% while the HSI slipped 0.13%. ILUVATAR COREX led AI concept stocks with an 8.83% gain, while BLACK SESAME fell 6.45%.

Key Highlights:

The HSTECH rose 0.91%, the HSI fell 0.13% and the HSCEI rose 0.10%; full-day turnover on the HSI reached HKD 193.5 billion, up from a day earlier.
ILUVATAR COREX rose 8.83%, MEITUAN-W rose 6.64%, XIAOMI-W rose 5.35% and BABA-W rose 3.08%; BLACK SESAME fell 6.45%, MONTAGETECH fell 6.04% and Z.AI fell 4.83%.
ILUVATAR COREX's Tiangai 300 IXL144 supernode debuted at the industry fair with cost per million effective Tokens estimated 40% lower than mainstream international solutions; locked orders for the Xiaomi Auto Pengcheng series topped 70,000 in the first month; Hong Kong internet stocks rallied together; Zhipu AI released GLM-Legal, a legal-sector vertical model.

I. Market Overview

On October 14, 2026, the three major Hong Kong indices opened lower and rallied before paring gains in the afternoon. The Hang Seng TECH Index rose 0.91% to 4,174.47, having been up as much as 2.6% during the session; the Hang Seng China Enterprises Index rose 0.10% to 8,183.17; and the Hang Seng Index fell 0.13% to 24,314.17. Full-day turnover on the Hang Seng Index reached HKD 193.5 billion, up from HKD 187.6 billion a day earlier. AI concept stocks gained broadly, with 7 of the 20 names closing higher; internet and domestic computing power names advanced while memory chips and autonomous driving names pulled back.

In the LLM space, MEITUAN-W (03690.HK) rose 6.64%, BABA-W (09988.HK) rose 3.08%, KUAISHOU-W (01024.HK) rose 1.23% and BIDU-W (09888.HK) rose 0.49%; TENCENT (00700.HK) fell 0.42%, MINIMAX-W (00100.HK) fell 3.68% and Z.AI (02513.HK) fell 4.83%.

In the AI Chips space, performance diverged: ILUVATAR COREX (09903.HK) rose 8.83%, the top gainer among AI concept stocks, and BIRENTECH (06082.HK) rose 0.35%, while GIGADEVICE (03986.HK) fell 1.17%, SMIC (00981.HK) fell 2.25%, HUA HONG GRACE (01347.HK) fell 2.41% and MONTAGETECH (06809.HK) fell 6.04%.

In the Autonomous Driving space, names pulled back broadly: PONY-W (02026.HK) fell 1.65%, HORIZONROBOT-W (09660.HK) fell 2.11%, ROBOSENSE (02498.HK) fell 3.12%, WERIDE-W (00800.HK) fell 4.76% and BLACK SESAME (02533.HK) fell 6.45%, the worst performer among AI concept stocks.

In the Embodied AI space, XIAOMI-W (01810.HK) rose 5.35%, while UBTECH ROBOTICS (09880.HK) fell 0.30%.

II. Market Performance of Representative AI Stocks

Stock Code	Company Name	Closing Price (HKD)	Change(%)	Sector / Concept
09903.HK	ILUVATAR COREX	92.400	8.83	AI Chips
03690.HK	MEITUAN-W	77.100	6.64	LLM
01810.HK	XIAOMI-W	26.380	5.35	Embodied AI
09988.HK	BABA-W	110.500	3.08	LLM
01024.HK	KUAISHOU-W	29.520	1.23	LLM
09888.HK	BIDU-W	82.050	0.49	LLM
06082.HK	BIRENTECH	28.340	0.35	AI Chips
09880.HK	UBTECH ROBOTICS	67.200	-0.30	Embodied AI
00700.HK	TENCENT	423.400	-0.42	LLM
03986.HK	GIGADEVICE	356.000	-1.17	AI Chips
02026.HK	PONY-W	42.840	-1.65	Autonomous Driving
09660.HK	HORIZONROBOT-W	3.950	-2.11	Autonomous Driving
00981.HK	SMIC	54.300	-2.25	AI Chips
01347.HK	HUA HONG GRACE	83.050	-2.41	AI Chips
02498.HK	ROBOSENSE	15.220	-3.12	Autonomous Driving
00100.HK	MINIMAX-W	204.200	-3.68	LLM
00800.HK	WERIDE-W	11.800	-4.76	Autonomous Driving
02513.HK	Z.AI	572.000	-4.83	LLM
06809.HK	MONTAGETECH	227.200	-6.04	AI Chips
02533.HK	BLACK SESAME	8.050	-6.45	Autonomous Driving

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

III. AI Industry & Corporate Developments

1. ILUVATAR COREX Tops the Gainers with an 8.83% Rise as the Tiangai 300 IXL144 Supernode Debuts at the Industry Expo

On October 14, ILUVATAR COREX (09903.HK) closed up 8.83% at HKD 92.400, the top gainer among AI concept stocks. The 2026 China International Industry Fair was held in Shanghai from October 12 to 16, where the Tiangai 300 IXL144, the first solution in the company's systematic supernode layout, made its debut. The solution integrates 144 GPUs and 18 CPUs in a single cabinet with about 10.1TB of memory, the industry's highest-density single-cabinet GPU supernode. Its proprietary general-purpose GPU architecture and in-house software stack are compatible with the CUDA ecosystem, allowing customers to reuse existing models and mainstream frameworks; the cost per million effective Tokens is estimated to be 40% lower than that of mainstream international solutions.

2. XIAOMI-W Rises 5.35% as Locked Orders for the Pengcheng Series Top 70,000 in Its First Month

On October 14, XIAOMI-W (01810.HK) closed up 5.35% at HKD 26.380. Locked orders for the Xiaomi Auto Pengcheng series exceeded 70,000 units in the first month on the market. Hong Kong smartphone supply chain stocks rose across the board on the day, and the company's "Human x Car x Home" ecosystem continued to generate business synergies, with smartphones, autos and AIoT devices all strengthening.

3. MEITUAN-W Rises 6.64% as Hong Kong Internet Stocks Rally Together

On October 14, MEITUAN-W (03690.HK) closed up 6.64% at HKD 77.100; BABA-W (09988.HK) rose 3.08%, KUAISHOU-W (01024.HK) rose 1.23% and BIDU-W (09888.HK) rose 0.49%. Hong Kong internet stocks rallied together, with the Hang Seng TECH Index up as much as 2.6% intraday before closing 0.91% higher. Chasing interest faded in the afternoon and TENCENT (00700.HK) reversed to a 0.42% loss. Consumer, oil and shipping names also strengthened.

4. Memory Chip Stocks Continue to Slide as MONTAGETECH Falls 6.04%

On October 14, MONTAGETECH (06809.HK) closed down 6.04% at HKD 227.200; GIGADEVICE (03986.HK) fell 1.17%, HUA HONG GRACE (01347.HK) fell 2.41% and SMIC (00981.HK) fell 2.25%. The three major US indices closed lower overnight, with the Dow Jones Industrial Average down 0.35% and the Nasdaq down 0.15%, and US semiconductor stocks weakened. A sharp overnight decline in South Korean equities continued to weigh on the memory chip segment, leaving Hong Kong memory-related names soft.

5. Z.AI Falls 4.83% as Zhipu AI Releases GLM-Legal, a Legal-sector Vertical Model

On October 14, Z.AI (02513.HK) closed down 4.83% at HKD 572.000, while MINIMAX-W (00100.HK) fell 3.68%. On October 13, Zhipu AI released GLM-Legal, a vertical large model built for legal industry workflows. The model is built on the GLM-5.3-Flash underlying architecture and covers legal practice scenarios including contract review, evidence analysis, compliance review and cross-border business.

IV. Profiles of Representative AI Concept Stocks

Company Name	Stock Code	Industry Position	Main Product Lines & Business Overview
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).
MEITUAN-W	03690.HK	AI technology pioneer in local life services	Its AI-native community application "Miyu" has demonstrated operational value in physical retail and dining environments, boosting merchant efficiency. The company continuously enhances search, recommendation, and dispatch algorithms across its local commerce ecosystem using proprietary foundation models. By deploying AI Agent technologies in customer service, merchant marketing assistants, and instant delivery route planning, the company improves dual-sided operational efficiency and management precision.
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.
BABA-W	09988.HK	China's cloud and AI leader	The company has released several new models, including Qwen3.6-Plus, with the Qwen LLM surpassing 1.4 trillion Tokens in daily API calls, setting a new global record for daily calls on third-party platforms. The Qwen consumer-facing application has exceeded 300 million MAU and has been integrated into the smart cabins of multiple automakers. It consistently ranks at the forefront in international benchmark evaluations for coding and agentic capabilities. Its business layout seamlessly matches the trend of scaled procurement of computing power and model APIs by government and enterprise clients.
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.

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