On October 2, SENSETIME-W fell 3.66% in regular trading, trading at 1.20 HKD/share, with turnover of approximately 40.02 million HKD. The decline follows continued market pressure stemming from Oracle's force majeure notice regarding its large-scale data center project in New Mexico — a core site under the Stargate initiative with OpenAI originally slated for launch in 2028.

Morgan Stanley noted the event is prompting investors to reassess loan and lease contract terms in AI data center financing, with related bond spreads widening significantly. Market concerns over a potential slowdown in global AI infrastructure buildout and the sustainability of capital expenditure remain unresolved, keeping broad pressure on AI-related names. Thin holiday-period trading volumes further amplified selling momentum.

Across the Application Software sector, weakness was broad-based: HORIZONROBOT-W down 3.35%, VOBILE GROUP down 3.18%, MARKETINGFORCE down 1.21%, MANYCORE TECH down 0.85%, and KINGDEE INT'L down 0.41%.

(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.)