ZTE's stock price surged 5.06% during intraday trading on Wednesday, reflecting strong investor interest in the company's latest financial performance and strategic direction.

The telecommunications equipment maker recently disclosed its first-quarter results, reporting revenue of RMB 34.99 billion, representing a 6.1% year-over-year increase. A key highlight was the computing power product revenue share, which rose to 27% of total revenue and achieved leapfrog growth compared to the same period last year.

ZTE's three growth engines — computing power, home and personal terminals, and international markets — all recorded double-digit growth, effectively offsetting the decline in domestic carrier communications infrastructure investment. The market's positive response reflects growing expectations for ZTE's Connectivity + Computing strategic transformation, which appears to be gaining traction despite some financial volatility during the transition period.