Biren Tech Shares Surge Nearly 12% in Afternoon Trading on Groundbreaking AI Model Deployment

Stock News
02/12

Biren Tech (06082) saw its shares rise nearly 12% during afternoon trading. At the time of writing, the stock was up 9.05%, trading at HK$36.64 with a turnover of HK$277 million. The surge follows the announcement that on February 10, Mosi Intelligence and the OpenMOSS team, incubated by Shanghai Chuangzhi Academy, officially released and open-sourced the MOSS-TTS Family. Following the model's release, Biren Tech’s flagship product, the Bili 166M, became the first to achieve high-performance inference deployment for the MOSS-TTS speech generation foundation model. This milestone makes Biren Tech the first domestic computing hardware manufacturer to complete adaptation of the MOSS-TTS model.

In a recent research report, Goldman Sachs initiated coverage of Biren Tech with a "Buy" rating and a target price of HK$54. The report highlighted that, driven by increased capital expenditure from domestic cloud providers, the rise of local AI ecosystems, and ongoing product upgrades, Biren Tech is projected to achieve a compound annual growth rate of 101% in its AI training and inference GPU business from 2025 to 2030. The firm is positioned as a key player in capturing opportunities from the localization of AI computing power in China.

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