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Top related persons:
Morgan Stanley - 2 Gary Yu - 1 Yu - 1 Ernie chatbot - 1 Ernie - 1 Fawne Jiang - 1 Jiang - 1 Baidu - 1
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China Shenzhen Shanghai U.S Beijing 1QFY24 New York Hong Kong
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Bloomberg - 1 Baidu - 1 U.S - 1 Huawei - 1 Galaxy - 1 Benchmark - 1 JPMorgan China - 1 Mavericks - 1

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2 mentions found


☆ China’s AI stocks are surging. Here are the names to watch
  + stars: | 2024-02-25 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +7 min
The investment analyst team led by Gary Yu has a $140 price target and overweight rating on Baidu's U.S.-listed shares. "We believe the current AI cloud integration between Galaxy AI and Ernie is just the first step," Yu said. For all the interest in AI stocks, China markets this year are still grappling with worries about whether Beijing is doing enough to support economic growth. They have a price target of 160 yuan on Shanghai-listed shares of Cambricon — upside of 12% from Friday's levels. They have a price target of 380 yuan on Shanghai-listed Kingsoft, up more than 50% from Friday's levels.
Persons: Morgan Stanley, Gary Yu, Yu, Ernie chatbot, Ernie, Fawne Jiang, Jiang, Baidu, Alex Yao, Yao, Geoffrey Hinton, Cade Metz, Hinton, Metz, it's, Sinodata, Microsoft didn't, EPFR, Bernstein, monetization Organizations: Bloomberg, Baidu, U.S, Huawei, Galaxy, Benchmark, JPMorgan China, Mavericks, Google, Facebook, Microsoft, Shenzhen Stock Exchange, Shanghai, China Equity Funds, Nvidia Locations: China, U.S, Shenzhen, Beijing, Shanghai
☆ Chinese consumer stocks that analysts like for their global potential
  + stars: | 2023-10-29 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +3 min
"We expect Miniso to report another strong quarter in 1QFY24," Jefferies analysts wrote in an Oct. 24 report. Xiaomi shares are up more than 20% so far this year despite a more than 10% slump in the broader Hong Kong stock market. "We believe good shipment momentum and resilient margins could support a strong 3Q23," the Morgan Stanley report said. The analysts have an overweight rating on Xiaomi shares with a 15 Hong Kong dollar price target — up 11% from Friday's close. Shares of Transsion, not covered in the Morgan Stanley report, are up nearly 70% so far this year.
Persons: Miniso, Jefferies, Xiaomi, Morgan Stanley, Canalys, Morgan, Andre Chang, Chang, —, JD.com —, — CNBC's Michael Bloom Organizations: Hong Kong Locations: 1QFY24, China, New York, Hong Kong, Canalys, Friday's, Shanghai, Shenzhen, Africa, India, Morgan China
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