HK Stock Market Move | ZTE Corporation (00763) rises by more than 5% again, the second generation "Bean Bag Phone" is about to debut, Morgan Stanley is optimistic about its coming key turning point.

ZTE Corporation (00763) surged more than 5%, reaching a 5.18% increase to HK$25.98 as of press time, with a turnover of HK$5.06 billion. On the news front, Ni Fei, President of ZTE Corporation's Terminal Business Unit, recently stated on a social media platform that Nubia will launch the "world's first AI intelligent body smartphone" and will make its first appearance at the World Artificial Intelligence Conference opening on July 17th. Media reporters have learned from informed sources that the AI intelligent body smartphone mentioned by Ni Fei is the second generation of the "Bean Phone". Huatai had previously pointed out that they are optimistic about the company's full-stack layout in the field of computing power in the long term, and with the completion of future self-developed computing power chips and customer introductions, the company's profit capability in the government and enterprise sectors is expected to improve. Morgan Stanley had previously believed that the company's crucial inflection point will occur in the second half of 2026, when the low base effect will support profit growth. As investor focus shifts to the recovery phase, coupled with the re-emergence of AI catalysts, a revaluation may occur.