CICC: Initiates Buy Rating on iFLYTEK (00600.HK) with a Price Target of 36 Hong Kong Dollars.

According to the Wisdom Financial APP, CICC released a research report saying that it covered Aixinyuanzhi (00600.HK) for the first time, giving it a "buy" investment rating and a target price of HK$36. The bank believes that Aixinyuanzhi is a leader in the artificial intelligence (AI) inference system chip (SoC) industry. The company's terminal extreme and edge AI products have a wide potential for landing in applications such as visual AI inference and intelligent driving.