HK Stock Market Move | ILUVATAR COREX(09903) closing up over 6% Byte intends to purchase 50,000 AI chips Exceeding the company's entire GPU shipment volume from last year.

ILUVATAR COREX (09903) rose more than 6% in the final trading session, closing up 6.05% at HK$780 with a trading volume of HK$1.496 billion. On the news front, reports have recently emerged that ByteDance is in discussions with domestic GPU manufacturer ILUVATAR COREX to purchase AI chips, with an estimated delivery of at least 50,000 chips this year. These chips will mainly be used to support its AI chatbot Siasun Robot & Automation Dou Bao. Additionally, IT Times reported that Alibaba is also in contact with ILUVATAR COREX and may become its next customer. It is worth noting that the volume of chips reportedly being purchased by ByteDance exceeds ILUVATAR COREX's total GPU shipments from last year. According to Guosen's calculations, the unit price of ILUVATAR COREX's inference chip in 2025 is 11,700 yuan. With this calculation, after the aforementioned order is completed, the company is expected to generate nearly 600 million yuan in revenue from ByteDance, equivalent to 60% of its total revenue from the previous year.