JPMorgan: A comercialização da IA e robótica da Xiaomi ainda está distante, mantém a classificação "neutra"

Golden Finance reports that on April 28th, JPMorgan issued a research report stating that Xiaomi reiterated at Investor Day 2026 that its total R&D expenditure from 2026 to 2030 will reach 200 billion yuan(, nearly double the amount of the past five years), and that in the next three years, AI-related R&D spending will be no less than 60 billion yuan. 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)