Shares of ILUVATAR COREX (09903) surged more than 20%, reaching a new peak of HK$287. At the time of writing, the stock was up 19.52% at HK$285, with a turnover of HK$370 million. The recent surge is driven by the significant growth in computing power demand, fueled by advancements in artificial intelligence, particularly the rise of large language models. According to data from Frost & Sullivan, the general-purpose GPU market in China is expanding rapidly, with shipments reaching 1.6 million units in 2024, representing a compound annual growth rate of 72.8% from 2022 to 2024. The market is expected to maintain robust growth, with shipments forecast to grow at a CAGR of 33.0% from 2025 to 2029. As Chinese general-purpose GPU companies outpace their international rivals in shipment growth rates, their share of the domestic market continues to rise. Public information indicates that ILUVATAR COREX provides general-purpose GPU products and AI computing power solutions tailored for various industries. The company's product portfolio primarily includes general-purpose GPU chips and accelerator cards, as well as customized AI computing solutions, which encompass general-purpose GPU servers and clusters. ILUVATAR COREX's general-purpose GPU products cover the Tianga and Zhikai series, which are compatible with mainstream AI ecosystems both domestically and internationally, as well as various deep learning frameworks. In January of this year, the company unveiled its fourth-generation chip architecture roadmap, anticipating that it will surpass NVIDIA's Rubin architecture by 2027. Simultaneously, it launched the "Tongyang" series of edge computing products.