Tuya Inc., a Chinese artificial intelligence (AI) company, saw its stock soar 5% in Tuesday's trading session, fueled by a bullish recommendation from U.S. investment bank Morgan Stanley.
Morgan Stanley analysts expressed confidence in Tuya's prospects, urging investors to buy the company's shares. The investment bank's positive outlook on the Chinese AI firm appears to be the primary driver behind the stock's significant intraday gain.
Tuya Inc. operates in the rapidly growing AI industry, which has garnered increasing attention and investment from both tech giants and financial institutions. The company's focus on AI technology and its potential applications likely contributed to Morgan Stanley's bullish stance and the subsequent stock price surge.
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