ZTE Once Surges ~11% after Midday as AI Mobile Phone Expected to be Launched in July

　　ZTE (00763.HK) +1.680 (+9.711%) Short selling $12.86M; Ratio 3.613% opened flat today before incline widened, and once rallied 10.75% to a high of $19.16 after midday, logging a new high since November 2023. It last printed at $19.02, escalating 9.94%, with 33.1405 million shares traded, involving $612 million.

　　The Company said yesterday (8th) in the investor interactive platform that, in terms of mobile phone products, generative AI is expected to gradually produce an impact “from quantitative change to qualitative change” in the future.

　　The company is actively promoting the “AI FOR ALL” product strategy concept, and firmly believes that the AI technology will not be limited to flagship models, but will be widely popularized in all types of devices. The Company also expected to launch new mobile phone products equipped with new AI functions in July.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-09 12:25.)

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