摩根大通：Comercialização de IA e robôs da Xiaomi ainda está distante, mantém classificação “Neutra”

Goldman Sachs reports that on April 28, JPMorgan issued a research report stating that Xiaomi reiterated at the 2026 Investor Day that the total R&D expenditure from 2026 to 2030 will reach 200 billion yuan(, nearly double the amount of the past five years), and that AI-related R&D spending will be no less than 60 billion yuan in the next three years. The bank believes that although AI models and robotics businesses have long-term potential, the significant commercialization of related new businesses will still take a considerable amount of time, and will not serve as a short-term catalyst for the stock price. The bank maintains a “Neutral” rating on Xiaomi, with a target price of 35 Hong Kong dollars.(Dongxin News)