The Zhitong Finance App learned that Longqi Technology (09611) rose more than 14% in the intraday period. As of press release, it had risen 6.69% to HK$19.94, with a turnover of HK$35.2713 million.

In terms of news, end-side AI is mostly strengthening today. According to Counterpoint's forecast, the penetration rate of generative AI phones in the global market will reach 52% in 2027, and end-side AI will shift from high-end selling points to factory standard. Gartner data shows that AIPC shipments will jump from 15.6% in 2024 to about 54.7% in 2026, and AIPC is expected to become the norm in 2029. Additionally, the Nvidia GTC conference was held in Berlin from October 20 to 22, focusing on smart AI, physical AI, and robotics.

Cathay Pacific Haitong Securities previously pointed out that Longqi Technology is deeply deploying the AI terminal side and AIDC to begin a new cycle of growth. The company continues to build data collection equipment for embodied robots. It has been verified by customers, and mass production is progressing at an accelerated pace. In addition, the company also has robot core components and ODM manufacturing capabilities to build industrial support capabilities covering data collection and R&D and manufacturing.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.