Alset AI shares surge 10.83% intraday after Lyken.AI unit approved as vendor by global tech giant.

Alset AI Ventures Inc. surged 10.83% intraday after announcing that its Lyken.AI unit secured vendor approval from a leading multinational technology and telecommunications company. The approval, which includes an official vendor code, enables Lyken.AI to pursue commercial contracts and anticipate initial hardware service orders in the near term, with revenue expected in H1 2026. The development validates Lyken.AI’s end-to-end AI infrastructure capabilities and positions it to scale operations. Both news events directly correlate with the stock’s upward movement, highlighting a strategic milestone with clear revenue implications.