On May 29, Biren Technology rose 7.43% in regular trading, trading at 59.75 HKD/share, with trading volume of approximately HK$209 million.

On the news front, multiple catalysts continue to drive the stock higher. Daiwa Securities recently initiated coverage on Biren Technology with a Buy rating and a target price of HK$100. Additionally, the company's BR166 chip obtained National Security Level I certification from China's Information Security Evaluation Center, marking the first time AI training and inference chips have been included in this evaluation framework. CLSA maintained its Outperform rating with a target price raised to HK$67.4, noting that China's computing power shortage will persist until at least 2027, positioning Biren to benefit from supply-demand imbalances and the domestic substitution trend. The company was also recently included in the Hang Seng Composite Index effective June 8, with market expectations that it will simultaneously be added to the Stock Connect eligible pool, opening potential southbound capital inflows.

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