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<Research>G Sachs Lifts ZTE (00763.HK) TP to $38.4, Keeps Rating at Neutral
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ZTE (00763.HK) recently launched the SuperPod solution, providing enterprise clients with AI training and inferencing capabilities, Goldman Sachs released a research report saying. This system supports interconnection of 64 GPUs to 10,000 GPUs, offering greater flexibility for enterprise clients as AI workloads increase, and reducing initial investment costs. With the growing demand for AI computing in China and ZTE's comprehensive layout in AI servers, storage, cooling and other products, the broker held a positive view on the Company's growth potential in the enterprise AI market. Goldman Sachs lifted its target price for ZTE's H-/ A-shares by 14.6% to $38.4 (equivalent to a projected PE ratio of 17x)/ RMB59.5, with ratings kept at Neutral. AASTOCKS Financial News Website: www.aastocks.com |
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