Morgan Stanley has released a research report highlighting XIAOMI-W's (01810) launch of its open-source large model, MiMo-V2-Flash. With total parameters of 309B (15B activated), MiMo-V2-Flash is considered competitive against mainstream large language models in the market. The firm believes this latest model demonstrates XIAOMI-W's commitment to AI research and development. Morgan Stanley anticipates more notable advancements in cloud-based and edge AI for the company in the future. The bank maintains a target price of HK$62 and an "Overweight" rating for XIAOMI-W.