Xiaomi SkyNomad is about to be released, AI continues to improve, optimistic about buying opportunities (Goldman Sachs)
In its research report on Xiaomi (1810.HK), Goldman Sachs raised its expectations for its future, optimistic about the upcoming SkyNomad (satellite communications) function and the company's continued progress in the AI field.
In its research report on Xiaomi (1810.HK), Goldman Sachs raised its expectations for its future, optimistic about the upcoming SkyNomad (satellite communications) function and the company's continued progress in the AI field. Despite the recent pullback, Goldman Sachs believes this provides a better buying window. Its forecast model shows that even if revenue growth slows down, the AI-powered smart device ecosystem and high-end strategy will support the improvement of profitability and maintain a positive rating. The market's valuation of Xiaomi may be based more on its mobile phone hardware and lacks understanding of the long-term value of its AI and IoT ecosystem. One sentence conclusion: Xiaomi is transforming from a hardware company to an AI-driven ecological company. The implementation of SkyNomad and AI technology will be the core catalyst for its next round of valuation jump. Positive/negative: Positive for Xiaomi (1810.HK). The market's concerns about the weakness of the mobile phone market have been fully reflected in the stock price, but the new growth points brought by its AI and SkyNomad have not yet been priced in. Catalysts: 1) The official release of the SkyNomad function and market response; 2) The application effect of large AI models on mobile phones and IoT products; 3) The progress of Xiaomi’s electric vehicle business and new order data.