Xiaomi Corp. shares surged 5.8% Thursday after unveiling new AI models and
preparing a refreshed SU7 electric vehicle. The rally made it the top performer
on the Hang Seng Tech Index, despite a broader 2% decline amid Tencent earnings
and Iran war concerns. CEO Lei Jun announced a 16 billion yuan AI investment for
2026. Analysts say the launches strengthen Xiaomi’s AI and EV positioning,
supporting long-term value despite near-term profit pressure from R&D and
component costs.
