On July 6, Xiaomi Group-W rose 3.48% in regular trading, trading at 23.68 HKD/share, with turnover of 17.76 billion HKD, extending its recent rebound momentum.

On the news front, Xiaomi's GPU computing demand from Kingsoft Cloud has been upgraded from a 10,000-card cluster standard to an ultra-large-scale computing cluster, with total project investment budget surging from nearly 4 billion yuan to over 10 billion yuan, far exceeding market expectations. The two companies have developed a co-building model where Xiaomi prepays computing rental fees, with funds directed toward Kingsoft Cloud's GPU server procurement.

Additionally, Xiaomi Auto's June deliveries remained above 30,000 units for the third consecutive month, with first-half cumulative deliveries reaching approximately 180,000 units. Citi maintained a Buy rating, noting current valuations at 18.8x and 13.6x forward P/E are attractive. BlackRock recently increased its stake by approximately 7.18 million shares, while the company has been conducting intensive buybacks.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)