0907 GMT - The recruitment of core DeepSeek developer Luo Fuli could bolster Xiaomi's artificial intelligence capabilities, DBS analyst Jim Au writes in a note. Luo's expertise in mixture-of-experts and lightweight models should optimize Xiaomi's performance and drive system upgrades, Au adds. Xiaomi's GPU cluster now exceeds 6,500 units, he notes. As a proven innovator, Xiaomi's premium smartphone and Internet of Things growth will benefit from any AI advancements, Au says. DBS maintains a buy rating on the stock and raises its target price to HK$52.00 from HK$36.00. Shares closed at HK$48.40. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
February 18, 2025 04:07 ET (09:07 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.