Stock Track | ZTE Plummets 6.7% Intraday as ByteDance Announces AI Voice Control Tool for Its Smartphone

Stock Track12-02

ZTE's stock (HKG:00763) experienced a sharp decline of 6.7% during intraday trading on Tuesday. The drop followed news that ByteDance will introduce its artificial intelligence voice control tool on a ZTE smartphone.

The AI tool, powered by ByteDance's Doubao large language model, will initially pilot on ZTE's Nubia M153 handset. The tool is designed for tasks such as content searches and ticket bookings. The announcement appears to have negatively impacted investor sentiment, leading to the stock's significant drop.

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