On April 29, Biren Technology fell 3.43% intraday, trading at 43.96 HKD/share, with trading volume of approximately 75.65 million HKD.
On the news front, the broader semiconductor sector came under notable selling pressure, creating a clear drag on individual names including Biren Technology. In the preceding trading sessions, the stock had rallied significantly after announcing the successful adaptation and optimization of DeepSeek-V4 on its flagship GPU BR166 series, as well as completing compatibility work with multiple leading large language models including Tencent Hunyuan, Moonshot Kimi, and Alibaba Qwen. The stock had surged over 19% on April 27 alone, reaching a post-IPO high of 45.56 HKD.
Today, however, sector-wide weakness dominated price action. Within the Semiconductors sector, Hua Hong Semi fell 6.0%, Iluvatar CoreX dropped 9.71%, SMIC declined 1.59%, and Montage Technology lost 2.49%, while GigaDevice bucked the trend with a 4.09% gain. The broad-based sector pullback amplified profit-taking momentum in Biren Technology following its sharp multi-day advance.
(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.)
