Changes in Hong Kong stocks | Tianshu Zhixin (09903) rose more than 5%, domestic demand for AI computing power continues to expand, Goldman Sachs is optimistic that the target price will reach HK$1,000

The Zhitong Finance App learned that Tianshu Zhixin (09903) rose by more than 5%. As of press release, it had risen 5.31% to HK$521.5, with a turnover of HK$1.66 billion.

According to the news, Goldman Sachs covered Tiansu Smartchip for the first time and gave it a purchase rating. The target price for 12 months was HK$1,000. Goldman Sachs drastically raised its forecast for China's CSP AI capital expenditure, believing that this will directly drive AI infrastructure investment and local chip demand. As a leading local supplier, Tianshu Zhixin benefits from diversified customer trends and improved product performance. Its TG series and ZK series product lines cover all scenarios from training to inference, and the high compatibility of the software stack reduces customer switching costs.

Bank of America Securities previously reported that for the first time, it was given a “buy” rating to Tianshu Zhixin, with a target price of HK$1,013. It is believed that the company is a leading general graphics processor (GPGPU) company in China. Under the trend of localization, it is expected to benefit from the booming growth of the AI accelerator market in China. Coupled with the launch of new products and customer expansion, the market share increase driven by diversified supply chain strategies, and diversified supply chain strategies support revenue scale expansion, which is optimistic about its prospects.