ZTE's stock surged 5.08% during Tuesday's intraday trading session, marking a significant rebound for the telecommunications equipment maker.

The sharp increase appears driven by multiple positive catalysts. ZTE recently announced an AI cloud PC collaboration with Tencent and a partnership with ByteDance to integrate the Doubao AI assistant into smartphones, expanding its AI commercialization pathways. Furthermore, China's Ministry of Industry and Information Technology launched a 6G innovation pilot program targeting autonomous technology solutions by 2029, a development that directly benefits ZTE as a leading equipment vendor with extensive 6G patent reserves.

Analyst sentiment also supports the move, with Morgan Stanley expecting the company's earnings to return to positive growth in the second half of the year, noting that near-term profit risks have been largely priced in by the market.