Morgan Stanley Says Xiaomi Set to Gain From Rise of AI-Powered Home Appliances
Morgan Stanley maintains an Overweight rating and a HK$45 price target on Xiaomi, arguing the company is well positioned to capture a growing share of China’s AI-driven home appliance market. The brokerage projects the domestic AI appliance market to expand to about $150 billion by 2030 and forecasts Xiaomi’s domestic AI home appliance revenue coul…