On September 16, BIREN TECH rose 3.31% in regular trading, trading at HK$33.0/share, with turnover of HK$27.84 million. The stock rebounded amid a broader semiconductor sector recovery and renewed institutional endorsement.

On the news front, Goldman Sachs recently reiterated its Buy rating on BIREN TECH with a 12-month target price of HK$80.5, applying a 36.3x forward EV/EBITDA multiple discounted to 2027 at a 12.7% cost of equity. The bank cited rising domestic cloud capital expenditure, accelerating AI chip shipments, product portfolio upgrades, and expanding customer reach as key growth drivers, projecting a 69% CAGR for China's AI chip market through 2030.

Sector peers also advanced, with HUA HONG GRACE up 2.55%, SMIC up 1.15%, and ILUVATAR COREX up 1.54%. Meanwhile, Bloomberg reported that the company is considering a potential $1 billion share sale after its 90-day lockup from a $900 million July placement expires in early October, with proceeds earmarked for AI-related activities. Fundamentally, the company reported H1 revenue of RMB 1.236 billion, surging 1,998% year-over-year, with gross margin improving to 42.7% and adjusted net loss narrowing 38.9%. Morgan Stanley also recently increased its stake to 5.02%.

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