MOBVOI

Mobvoi (2438.HK) staged a sharp rebound today, closing at HK$0.395, up 29.51% from the previous close of HK$0.305, with an intraday range of 46.67% (low HK$0.300 to high HK$0.440). After a brief dip to HK$0.300 in the morning session, the stock rallied quickly and extended gains into the afternoon, hitting HK$0.440. The catalyst included the company's reallocation of approximately HK$35.4 million in IPO proceeds to AI software and AI Agent hardware deployment, reinforcing its strategic focus. For 2025, the net loss narrowed 90.5% to RMB 68.85 million, while AI hardware revenue reached RMB 174 million, underscoring an improving fundamental trajectory. However, the stock is still 62.02% below its 52-week high of HK$1.04 and slightly below its 60-day MA (HK$0.402), despite reclaiming its 20-day MA (HK$0.325). Year-to-date, it remains down 33.05%, suggesting lingering caution over earnings sustainability.