HQVT

$WENGE AI(01956.HK) Hong Kong stocks rose by more than eight points, while $HQVT(01392.HK) fell by more than two points. Both are in the AI software sector, but these two Hong Kong stocks moved in opposite directions today. $WENGE AI(01956.HK) surged on the theme of government and industry large models, whereas $HQVT(01392.HK) retreated due to a lack of catalysts. They are both relatively new, small-cap AI software stocks whose volatility is driven entirely by themes and sentiment. Is this divergence because $WENGE AI(01956.HK) actually secured real orders, or is it just a capital impulse? I suspect it's more of an impulse—for such small-cap rallies, the truth often only comes out with the earnings report.

$HQVT(01392.HK) rose five points, $WENGE AI(01956.HK) edged up slightly. These two Hong Kong-listed AI software secondary new stocks are relatively strong. $KINGSOFT(03888.HK) dipped slightly, while $JUFEEL(08611.HK), a penny stock, rose over five points, but it's essentially a liquidity game. The batch of Hong Kong-listed AI software stocks showed some divergence today, with secondary new stocks and small-cap stocks having greater elasticity and volatility. The price movements of such stocks are more driven by shareholding structure and market sentiment. The rise of $HQVT(01392.HK) and $WENGE AI(01956.HK) also depends on whether subsequent commercialization can keep up. Purely theme-driven rallies typically lack strong sustainability.

$HQVT(01392.HK) rose +10%, while $D-Wave Quantum(QBTS.US) fell four points. Both are high-volatility small-cap stocks in the AI software sector. One was lifted by sentiment in Hong Kong stocks, and the other followed the quantum sector's pullback in U.S. stocks. Does $HQVT(01392.HK) have independent catalysts, or are small-cap stocks in both markets simply following local sentiment? It's more likely the latter—for these unprofitable AI small-caps, price movements are basically determined by the risk appetite of their respective markets, and sustained individual stock alpha is difficult to achieve.

$HQVT(01392.HK), $MEITU(01357.HK), $MANYCORE TECH(00068.HK), $51WORLD(06651.HK), $MINIMAX-W(00100.HK) — these five small-cap AI stocks in Hong Kong. Only $HQVT(01392.HK) rose nearly four points today, the other four remained flat. The commonality of this batch is the lack of a unified sector catalyst; liquidity is also worse than leading AI software. Once capital leaves, it will only return with the next specific contract or financing.

Not chasing, not reducing, just listing them for observation—$MINIMAX-W(00100.HK)'s open-source model iterations, $51WORLD(06651.HK)'s government digital twin orders, and $MANYCORE TECH(00068.HK)'s residential large model shipments are all potential breakthrough points.

$SENSETIME-W(00020.HK) fell about six points. Among Hong Kong stock AI applications, it is particularly affected by liquidity sentiment; $MEITU(01357.HK), $SoundHound AI(SOUN.US), and $HQVT(01392.HK) all declined slightly. The AI software sector was dragged down by the risk-off sentiment in the tech sector. $HQVT(01392.HK) has only been listed for a few days. Multispectral AI new stocks are inherently volatile, and it just took a hit😔

$HQVT(01392.HK) Charge! Let's work hard to hold above 20 today.

$HQVT(01392.HK) Trust the judgment of the boss

$HQVT(01392.HK) Oh my god, bro, are you okay?

Ah, who dares to mess with $HQVT(01392.HK) now

$HQVT(01392.HK) Why are Hong Kong stocks all like this?

$HQVT(01392.HK) Thought it was bullish, but it turned out to be just this...

$HQVT(01392.HK)Good thing I set a stop order, otherwise I'd be wiped out.

$HQVT(01392.HK) Why is there no one discussing it?

$HQVT(01392.HK) This AI stock's performance is also quite good.