Tiandian Smart rose more than 8% to hit a record high, market value exceeded HK$170 billion

Hong Kong stocks changed, Tiandian Smart rose more than 8%, hitting a record high, with a market value exceeding HK$170 billion. East News Agency June 22| Tianshen Zhixin (9903.HK) once rose more than 8% to HK$683 in intraday trading, its share price hit a record high, and its market value exceeded HK$170 billion. On the news front, Reuters previously quoted two people familiar with the matter as saying that ByteDance is negotiating with Shanghai AI chip company Tianshen Zhixin to purchase AI chips, mainly for reasoning tasks, and is also considering using Baidu's Kunlunxin chips. If the deal is concluded, Tianxian Zhixin will become the third major domestic GPU supplier to ByteDance after Huawei and the Cambrian. ByteDance Evaluation Days Smart chip is mainly used for reasoning work. It is expected that Days Smart chip may deliver at least 50000 chips this year to support the demand for AI products such as ByteBean Bags.