Stock Track | ZTE Soars 5.34% Intraday on US Chip Approval and AI Smartphone Launch

Stock Track

07/16

ZTE's stock surged 5.34% during intraday trading on Thursday, marking a significant upward movement for the telecommunications equipment maker.

The rally appears driven by two key catalysts. First, ZTE's subsidiary ZTE Kangxun Telecom has secured US approval to purchase Nvidia H200 AI chips, a development that signals a potential easing of supply chain constraints for the company's AI computing power business. This approval is viewed as a direct positive for ZTE's computing infrastructure and AI strategy.

Secondly, market sentiment received a further boost from ZTE's planned global debut of its first AI agent smartphone at the World Artificial Intelligence Conference, with multiple positive factors converging to drive investor interest. Institutional support for the company also remains evident, contributing to the positive momentum.

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