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In a groundbreaking move, Goldman Sachs has, for the inaugural instance, bestowed 'Buy' ratings upon Biren Technology and MetaX. The investment bank highlights that escalating capital investments in China's cloud computing arena, coupled with the augmentation of sophisticated manufacturing capabilities, are poised to fuel business expansion for these two entities. Projections indicate that Biren Technology's compound annual growth rate (CAGR) in the AI training and inference GPU sector will soar to 101% from 2025 to 2030, with AI chip shipments surging from 30,000 units in 2025 to a staggering 900,000 units by 2030. Over the same timeframe, MetaX's CAGR for its AI training and inference GPU business is estimated to hit 88%. Goldman Sachs has set a 12-month target price of HK$54 for Biren Technology and RMB 811 for MetaX.
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