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<Research>CLSA Hikes SENSETIME-W TP to $2.14 on AI Model Improvement & Computing Power Demand
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On the back of DeepSeek development hype and its open-source algorithms, the generative AI business of SENSETIME-W (00020.HK) may be re-rated due to the iteration of AI models, CLSA issued a research note saying. The company had announced earlier that DeepSeek-V3 and DeepSeek-R1 models can be used by corporate customers and developers on its GPU platforms, and CLSA expected that the company's over 54,000 GPUs will further benefit from growing computing power rental demand, with the widespread adoption of the models. The launch of DeepSeek will help the AI industry to further reduce the cost of training and reasoning. CLSA also pointed out that the business reorganization announced by SENSETIME-W last year will focus on the core business of generative AI and computer vision, which is expected to lower operating expenses. CLSA lifted its revenue forecasts on the company for 2025 and 2026 by 1% and 3% respectively, and cut its loss forecasts for 2024-26 by 10%/ 6%/ 13%, reflecting the reduction in operating expenses after the reorganization; and its investment rating upgraded from Hold to Outperform. The target price was raised from $1.77 to $2.14. AAStocks Financial News |
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