Stock Track | Biren Tech Soars 9.17% in Afternoon Session on AI Model Deployment Breakthrough and Goldman Sachs Buy Rating

Stock Track
02/12

Biren Tech's stock surged 9.17% during intraday trading, reflecting strong investor interest in the company's latest technological achievements.

The sharp rise follows Biren Tech's announcement that its flagship product, the Bili 166M, has become the first to achieve high-performance inference deployment for the newly released MOSS-TTS speech generation foundation model. This milestone establishes Biren Tech as the first domestic computing hardware manufacturer to complete adaptation of this advanced AI model.

Adding to the positive sentiment, Goldman Sachs initiated coverage of Biren Tech with a "Buy" rating and a target price of HK$54. The investment firm highlighted the company's strong positioning to benefit from increased capital expenditure from domestic cloud providers and the growing local AI ecosystem in China.

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