ZTE's stock surged 5.34% during intraday trading on Friday, extending its recent strong performance in the market.

The sharp rise follows ZTE's official announcement that the world's first AI agent smartphone will make its debut at the World Artificial Intelligence Conference (WAIC) in Shanghai from July 17 to 20. The device, a Nubia-branded second-generation Doubao phone, is expected to retail for over RMB 4,000, reflecting rising memory costs and technological advancements.

Additionally, sustained institutional accumulation has bolstered market confidence. UBS increased its holdings of ZTE H-shares by 636,200 shares on July 2, raising its stake to 8.03%, while BlackRock lifted its long position from 6.52% to 7.10% on June 25. These moves signal strong institutional belief in ZTE's AI and consumer business growth trajectory.