Movement Alert｜ZTE Corporation Rises 4.4% in Regular Trading, US Approval to Purchase Nvidia and AMD Chips Continues to Fuel Rally

Market Focus07-16 10:00

On July 16, ZTE Corporation rose 4.4% in regular trading, trading at 26.68 HKD/share, with turnover of HKD 346 million, extending the previous session's gains.

On the news front, ZTE's subsidiary ZTE Kangxun Telecom has secured US approval to purchase Nvidia H200 AI chips, while Kingsoft's subsidiary was approved to procure AMD chips. This development signals a potential easing of supply chain constraints on ZTE's AI computing power business, constituting a direct positive for the company's computing infrastructure and AI strategy advancement. Additionally, ZTE's global debut of its first AI agent smartphone at the World Artificial Intelligence Conference opening on July 17 has further boosted market sentiment, with multiple catalysts converging to drive the stock higher.

Notably, the stock had dropped over 5% on July 14 amid elevated short-selling pressure with a short ratio of 16.63%, before the chip approval news reversed sentiment. Institutional support remains evident, with UBS recently increasing its H-share stake to 8.03% and Morgan Stanley expressing optimism about a key inflection point for the company.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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