Core Viewpoint - Tianyue Advanced (02631) saw a significant stock increase of over 7%, currently trading at 57 HKD with a transaction volume of 223 million HKD, following the announcement of Alibaba's new AI smart hardware product, Quark AI Glasses S1 [1] Company Summary - Tianyue Advanced is a leading company in the silicon carbide (SiC) semiconductor materials industry, having achieved technological breakthroughs in the full series of 12-inch SiC substrates, marking the entry of the SiC substrate industry into the 12-inch era [1] - The company is positioned to benefit from the growing demand for SiC substrates, particularly in emerging applications such as AR glasses, which are expected to see high growth potential [1] Industry Summary - The market for AI glasses is becoming increasingly competitive, with major players like Meta and Google also launching their own AI glasses, indicating a growing trend in the sector [1] - According to a report from Wenguang Securities, the supply and demand for SiC substrates is expected to be in a tight balance by 2027, with potential supply constraints if the penetration rate of AR glasses and advancements in AI thermal materials exceed expectations [1]