Movement Alert|Manycore Tech Rises 5.71% in Regular Trading, Application Software Sector Strength Combined with Multiple Recent Catalysts

Market Focus
Jun 02

On June 2, Manycore Tech rose 5.71% in regular trading, trading at HK$19.94 per share, with trading volume of approximately HK$50.42 million, extending its recent upward momentum.

On the news front, the broader application software sector showed collective strength, with Weimob Inc up 15.44%, 51World up 5.12%, Kingdee International up 4.38%, and SenseTime up 3.41%, providing favorable sector tailwinds. Meanwhile, multiple company-level catalysts continued to underpin sentiment: the company's spatial intelligence large model has completed national generative AI service registration, making it among the first spatially-focused AI models to obtain compliance clearance in China. Additionally, the company formally open-sourced its 3D Gaussian browser Aholo Viewer, capable of rendering city-scale 3D scenes with over one billion Gaussian points across mobile, desktop, and VR devices. A strategic partnership with Insta360 to launch a next-generation spatial reconstruction solution further reinforced the positive outlook. Sector momentum and company-specific breakthroughs resonated together, driving active capital inflows.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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