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Hong Kong Stock Movement | Guanghe Tong (00638) Surges Over 7% Amid Accelerated Development of Endpoint AI; Institutions Favor the Company’s Emerging Business Layout

Zhitong Finance ·  Jan 12 15:06

Fibocom (00638) surged over 7%. As of the time of writing, it was up 7.5%, trading at HKD 18.05, with a turnover of HKD 209 million.

According to Zhitong Finance, Guanghe Tong (00638) rose over 7%. As of the time of writing, it gained 7.5%, trading at HKD 18.05 with a turnover of HKD 209 million.

In terms of developments, recently, the 'Dream Eater AI Package,' powered by Guanghe Tong's self-developed MagiCore 2.0 lightweight computing solution, was showcased at Alibaba Cloud’s Tongyi exhibition. Additionally, Guanghe Tong recently responded to investor inquiries on an interactive platform, stating that its 5G, V2X, and other wireless communication modules and solutions can be applied in autonomous driving, primarily targeting smart cockpit applications within the automotive sector. Shenwan Hongyuan previously noted that as a core player in the global IoT module market, Guanghe Tong is expected to see continued revenue growth driven by edge AI/robotics and deployments in areas such as automotive and FWA.

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