Core Viewpoint - ZTE Corporation is recognized as a rare global provider of end-to-end DICT communication equipment solutions, with products covering wireless, wired, cloud computing, terminal products, and professional communication services, operating in over 160 countries and regions [1] Group 1: Company Overview - ZTE aims to become a leader in network connectivity and intelligent computing power, positioning itself to benefit from the growth of AI [1] - The company is involved in the continuous iteration of large models and the growing demand for AI, with major cloud service providers (CSPs) increasing their investments in AI computing infrastructure [1] Group 2: Market Trends and Projections - By 2025, it is projected that overseas companies such as Amazon, Google, Microsoft, Meta, and Oracle will collectively exceed $370 billion in capital expenditures, representing a year-on-year increase of over 60% [1] - Domestic companies like Tencent, Alibaba, and Baidu are expected to surpass 360 billion yuan in capital expenditures, while China Mobile plans to invest 37.3 billion yuan in computing power by 2025, with China Telecom and China Unicom increasing their investments by 22% and 28% year-on-year, respectively [1] Group 3: Stock Performance - ZTE's stock price surged over 8% in early trading, reaching a historical high of 43.88 HKD, and as of the latest update, the stock price increased by 6.78% to 43.18 HKD, with a trading volume of 2.941 billion HKD [2]