ZTE (00763) surged 7.57% during Monday's intraday trading session, driven by reports of its collaboration with ByteDance to launch an AI-native phone early this month.
According to supply chain sources, the AI phone features deep integration of ByteDance's Doubao AI model at the hardware, software, and operating system levels. Analysts highlight ZTE's strong technical capabilities in hardware design and production, which could expand the boundaries of AI applications in smartphones. This collaboration has sparked investor optimism, contributing to the stock's significant rise.
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