Report: ByteDance plans to increase AI infrastructure spending by 25%.

Splashing over 200 billion yuan! ByteDance significantly increases its AI budget, doubling down on domestic chips and global infrastructure. Although the scale of investment still lags behind U.S. tech giants, China's AI sector is making strong headway within a unique collaborative ecosystem, with its robust catching-up momentum already causing deep concerns among Silicon Valley experts.

wallstreetcn19:35

Top Gainers in Hong Kong Stocks This Week | Tianxing Medical Technology surged over 104% in its first week of listing; Yuegang Bay Holdings rose more than 56%, with valuation potential expected to expand following its transition to intelligent computing;

This week, the Hang Seng Index rose by a cumulative 2.39%, closing at 26,393.71 points; during the same period, the Hang Seng Tech Index increased by a cumulative 4.75%, closing at 5,102.79 points; the Hang Seng China Enterprises Index also rose by a cumulative 2.39%, closing at 8,889.07 points.

Futu News14:56

Montage Technology Co., Ltd. Class H (6809): New Buy Recommendation for This Technology Giant

TipRanks08:26 · Ratings

Express News | DeepSeek plans to raise up to 50 billion yuan and aims to launch the V4 model update in June.

BreakingsMay 8 19:45

Hong Kong Stocks Close | Technology Index Rises Nearly 5% Week-on-Week, ChipSuccess Technology Surges Over 300% Cumulatively

① What were the reasons for the significant increases in Xincheng Technology and Montage Technology this week, respectively? ② Why did electric power equipment stocks decline today?

cls.cnMay 8 16:51

CLSA: Montage Technology Target Price at HKD 447.2, Maintains 'Highly Confident Outperform' Rating

CLSA released a research report stating that as AI shifts from model training to inference, particularly with the development of AI agents, the demand for server CPUs is continuously rising. The firm believes that Montage Technology (06809) is a key beneficiary of the strong CPU demand. Additionally, the company's new products have a sizable addressable market, and growth is accelerating. CLSA has raised its earnings forecast for Montage Technology, initiating coverage on its Hong Kong shares with a target price of HKD 447.2, while also increasing the target price for Montage Technology's A-shares (688008.SH) from CNY 209.6 to CNY 277.9. Both ratings maintain a 'High Conviction Outperform' recommendation.

Sina HK StocksMay 8 12:48