ZTE Shares Surge Over 6% as Company Pivots to Connectivity and Computing Power, Actively Expands AI Data Center Projects

Stock News06-02 15:38

Shares of ZTE Corporation (HKG: 0763) rose more than 6% in trading. At the time of writing, the stock was up 6.06% to HKD 27.66, with a turnover of HKD 949 million.

The catalyst for the move is attributed to positive analyst commentary. Guojin Securities noted that the company is firmly implementing its "AI for All" strategy, building an end-to-end AI capability system driven by both "connectivity and computing power." As economies of scale in its computing power products emerge, supply chain bargaining power strengthens, and AI computing projects continue to be delivered in sectors like internet, finance, and power, the brokerage believes the company's profit structure is expected to improve quarter by quarter.

ZTE Corporation (HKG: 0763)

China Merchants Securities highlighted that ZTE is a rare global ICT technology giant capable of providing end-to-end, full-series solutions—from underlying technologies like microelectronics, databases, and operating systems to equipment products for telecommunications, data communication, computing power, storage, modules, and terminals. The firm is accelerating its shift from pure connectivity to a combined "connectivity plus computing power" focus and is actively expanding its AI data center projects to broaden its market reach.

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