--- title: "Hong Kong stock movement: SMART-CORE rises 16.81%, raising HKD 291 million through discounted placement to enhance AI storage" type: "News" locale: "en" url: "https://longbridge.com/en/news/290764093.md" description: "SMART-CORE rose 16.81%; VST Holdings fell 2.43%, with a transaction amount of HKD 10.66 million; Xsens fell 2.30%, with a transaction amount of HKD 3.83 million; Hard Egg Innovation fell 2.64%, with a transaction amount of HKD 3.04 million; Shijie Group's market value reached HKD 4.131 billion" datetime: "2026-06-25T02:17:13.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/290764093.md) - [en](https://longbridge.com/en/news/290764093.md) - [zh-HK](https://longbridge.com/zh-HK/news/290764093.md) generator: "portal-rs" --- # Hong Kong stock movement: SMART-CORE rises 16.81%, raising HKD 291 million through discounted placement to enhance AI storage **Hong Kong Stock Movement** SMART-CORE rose 16.81%. Based on recent key news: 1. On June 23, SMART-CORE announced plans to place up to 97.7362 million new shares at a placement price of HKD 3 per share, a discount of approximately 15.01% to the previous closing price. This move aims to raise about HKD 291 million to expand the procurement and inventory of memory and optoelectronic components to meet customer demand. This news drove the stock price up. 2. On June 22, the global AI server construction wave continues, with strong demand for storage and optical communication. SMART-CORE is increasing its investment in storage optical communication through the placement, releasing the growth dividends of AI computing power, and the market is optimistic about the company's long-term value, leading to a significant rise in stock price. 3. On June 22, SMART-CORE entered into an agreement with the placement agent to optimize its capital structure and enhance market liquidity. This further strengthened the market's recognition of the company's AI business, resulting in strong stock performance. The demand in the AI industry is robust, with significant capital inflow. **Stocks with High Trading Volume in the Industry** Weishi Jiajie fell 2.43%, with a trading volume of HKD 10.66 million, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Xian Sihang fell 2.30%, with a trading volume of HKD 3.83 million, and no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation. Hard Egg Innovation fell 2.64%. Based on recent news: 1. On June 23, Hard Egg Innovation launched a high-security, cost-effective AI Agent localized deployment solution based on the NVIDIA Jetson platform, becoming an important part of the company's edge computing service matrix. This move enhances the company's competitiveness in the edge AI market. Although the market is optimistic about its long-term growth potential, the stock price still experienced fluctuations in the short term. 2. On June 22, Hard Egg Innovation realized value expectations in the early stage of the edge AI track, reporting a year-on-year revenue growth of 125.6% and an operating profit growth of 51.0%. Despite strong performance, the market still has doubts about the sustainability of its future growth, leading to a decline in stock price. 3. On June 21, the global edge AI market is expected to reach USD 11.869 billion by 2033, with a compound annual growth rate of 21.7%. As an early beneficiary, Hard Egg Innovation faces significant market prospects, but in the short term, the stock price is still influenced by market sentiment. The growth potential of the edge AI market is enormous, and risks need to be monitored. **Stocks with High Market Capitalization in the Industry** Shijie Group has a market capitalization of HKD 4.131 billion, with no significant news recently. The trading is active, with clear capital flow. Considering the sector and industry trends, this stock shows significant volatility, and the specific reasons need further observation ### Related Stocks - [02166.HK](https://longbridge.com/en/quote/02166.HK.md) - [00856.HK](https://longbridge.com/en/quote/00856.HK.md) - [00595.HK](https://longbridge.com/en/quote/00595.HK.md) - [00400.HK](https://longbridge.com/en/quote/00400.HK.md) - [01184.HK](https://longbridge.com/en/quote/01184.HK.md) ## Related News & Research - [Lorka AI Report Finds Higher Workplace AI Adoption Among Younger Workers](https://longbridge.com/en/news/297049938.md) - [Former Miami Mayor Francis Suarez Joins HelloGov AI as Advisor to the Board](https://longbridge.com/en/news/297064972.md) - [00:20 ETOperata deepens Observability across AI to human agents - launching the control layer for CX](https://longbridge.com/en/news/297264127.md) - [MoneyMasters Podcast: Rosenberg on Why the AI Boom Is RISKIER Than You Think](https://longbridge.com/en/news/297239245.md) - ["Oreogate" on Instagram went viral. 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