Hong Kong’s recently listed AI stocks rallied on Tuesday, with Montage Technology (06809.HK) closing up 7.55 percent, in a sign of sustained investor enthusiasm for the city’s burgeoning artificial intelligence sector. Iluvatar Corex (09903.HK) and Qunabox (03317.HK) also posted strong gains, rising 6.78 percent and 4.53 percent, respectively.
"At present, both mainland China stocks and Hong Kong stocks in this category continue to receive significant attention from capital, largely because the companies in these related industries are in a phase of rapid earnings growth," said Kenny Ng, a securities strategist at China Everbright Securities International.
The gains build on a series of successful AI-related listings in Hong Kong this year. Victory Giant Technology, a supplier of printed circuit boards for AI servers, saw its shares jump over 50 percent on its debut last week. Similarly, shares of AI startup MiniMax Group doubled on their first day of trading, while Manycore Tech, a developer of spatial artificial intelligence, surged 51 percent following its recent Hong Kong listing.
The synchronized rally suggests a potential re-rating of the AI sector in Hong Kong, which could attract further investment and influence the valuation of upcoming tech IPOs. The strong performance of these stocks stands in contrast to the mixed results for other robotics and AI-related companies, highlighting the market's discerning focus on companies with strong growth potential and a clear path to profitability.
The strong investor appetite for AI stocks is a bright spot in a Hong Kong IPO market that is showing signs of recovery. In the first quarter of 2026, Hong Kong's IPO market raised HK$109.9 billion across 40 new listings, nearly six times the amount raised in the same period last year, according to a KPMG report. The report noted that nearly 80 percent of funds raised came from A+H and specialist technology listings, a trend that is expected to continue.
The rally in AI stocks also comes amid a broader market upswing, with the Hang Seng Index rising on hopes for a resolution to the Middle East conflict. However, the performance of the broader tech sector has been mixed. While companies linked to Honor’s recent success in a humanoid robot half-marathon saw gains, other established robotics firms like Ubtech Robotics Corp Ltd faced pressure from the increased competition.
This article is for informational purposes only and does not constitute investment advice.
