Stock Track | ZTE Soars 7.57% Intraday on AI Phone Collaboration with ByteDance

Stock Track12-01

ZTE's stock (00763) surged 7.57% during Monday's intraday trading session, reflecting strong investor interest in the company's latest venture.

The surge follows reports of a collaboration between ZTE and ByteDance to launch an AI phone in early December. ByteDance is leading the integration of its Doubao AI model, while ZTE is handling hardware specifications, design, and manufacturing. The device is touted as an "AI Native Phone" due to its deep integration of AI at the hardware, software, and operating system levels.

Analysts from Huachuang Securities highlighted ZTE's technical expertise in hardware design and R&D, noting that the AI phone could expand the boundaries of AI applications in smartphones. They recommend monitoring the phone's progress and its potential impact on ZTE's market valuation.

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