[Morgan Stanley: Xiaomi Elevates AI to a Strategic Priority for the Group, Sets Target Price at HK$45 with an 'Overweight' Rating] According to a report by Jinse Finance on April 28, Morgan Stanley released a research note stating that Xiaomi Group's management has demonstrated a strong commitment to artificial intelligence (AI), elevating AI to a strategic priority for the group. The firm noted that the group's foundational model has performed exceptionally well since its launch, and the company's strategy is to leverage AI to reshape its entire ecosystem of smart devices for cars, homes, and personal use. The report mentioned that Xiaomi plans to launch new electric vehicles (EVs), new system-on-chip (SoC) solutions, and new AI models in the future, while continuing to expand its overseas network. Regarding its smartphone business, Xiaomi faces a major challenge with rising memory costs. The management plans to take proactive measures, such as optimizing product design, to strive to become a winner across business cycles. Morgan Stanley has set a target price of HK$45 for Xiaomi, assigned an 'Overweight' rating, and considers the group a top pick. (Dongxin News Agency)