1008 GMT - Xiaomi's share gains on Friday could be supported by a strong re-rating of China's tech sector following the launch of DeepSeek in late January, says Leping Huang, chief technology analyst at Huatai Securities. The Chinese AI start-up's affordable yet powerful model has lowered the cost of AI adoption across various sectors since it surprised markets in January. Additionally, Xiaomi hired a senior staff member from DeepSeek a few months ago to lead their AI large language model team, which could help accelerate Xiaomi's edge AI development, Huang adds. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 07, 2025 05:08 ET (10:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.