HK Stock Market Move | ZTE Corporation (00763) surged more than 6%, the company is accelerating its shift towards connectivity and computing power, actively expanding its smart data center projects.

ZTE Corporation (00763) rose more than 6%, with a rise of 6.06% to HK$27.66 as of the time of writing, with a turnover of HK$9.49 billion. On the news front, Sinolink believes that the company is firmly implementing the "AI for All" strategy, building an end-to-end AI capability system driven by "connection + computing power". With the scale effect of computing products emerging, the strengthening of the supply chain pricing power, and the continuous delivery of smart computing projects in industries such as the internet, finance, and electricity, the bank believes that the company's profit structure is expected to improve quarter by quarter. CMSC stated that as a global scarce ICT technology giant that can provide end-to-end full range solutions from microelectronics, databases, operating systems to telecommunications, digital communications, computing power, storage, modules, terminals and other equipment products, ZTE Corporation is accelerating its shift from full connectivity to connection + computing power and actively expanding smart computing data center projects to expand its space.