Market Insight | BYD ELECTRONIC rose nearly 6%, leading the Apple concept. Apple's announcement of AI strategy is expected to further drive user upgrades
BYD ELECTRONIC rose nearly 6%, leading the Apple concept stocks. Apple announced its AI strategy, which is expected to further drive user upgrades and increase Apple's sales. Companies like BYD ELECTRONIC are expected to benefit from the deepening growth of Apple's supply chain
According to the information from Zhitong Finance and Economics APP, Apple concept stocks led the gains. As of the time of publication, BYD ELECTRONIC (00285) rose by 5.91% to HKD 39.4, GigaDevice Semiconductor (01415) rose by 4.93% to HKD 23.4, Q Technology (01478) rose by 3.1% to HKD 4.33, and Sunny Optical Technology (02382) rose by 1.95% to HKD 49.65.
On the news front, Apple announced its AI strategy, integrating its new "Apple Intelligence" technology into a range of applications including Siri, and partnering with OpenAI to introduce ChatGPT to iPhone and other devices. Apple is also advancing the integration of large models from other companies, which is expected to boost future sales of iPhone, iPad, and Mac computers.
CICC pointed out that Apple Intelligence supports upgrades for iPhone 15 Pro series and above models, which is expected to significantly increase user demand for upgrades and drive up Apple's sales. The enhanced AI user experience is expected to further drive user upgrades, benefiting the domestic Apple supply chain. Dongwu Securities also noted that various segments of the Apple industry chain are expected to lead technological upgrades, and they are optimistic about the ability of the AI terminal ecosystem to create new downstream demand after accelerating maturity