ZTE up 7% after AI pivot, computing surge drive fivefold increase in third quarter profit

T2Covered by 1 source · first reported by China: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone at 27 Oct, 03:17 UTC

Shares in ZTE rose as much as 7 per cent in Hong Kong on Tuesday morning after the Chinese telecommunications equipment maker posted a nearly fivefold jump in third-quarter profit, driven by rapid expansion in its computing infrastructure and overseas operations. Net profit attributable to…

Sources

• T2ZTE up 7% after AI pivot, computing surge drive fivefold increase in third quarter profitChina: SCMP Tech / TechNode / Pandaily / KrASIA / Sixth Tone27 Oct, 03:17