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Xiaomi announces a new HK$20 billion share buyback program—will the stock price get a boost?

May 21$XIAOMI-W (01810.HK)$ The 'Human-Car-Home Full Ecosystem' launch event concluded with major fanfare! The YU7 GT starts at RMB 389,900, Show More
May 21$XIAOMI-W (01810.HK)$ The 'Human-Car-Home Full Ecosystem' launch event concluded with major fanfare! The YU7 GT starts at RMB 389,900, with the fully loaded version priced at RMB 429,900, and large deposits opened at 9 p.m. that same evening. Additionally, Xiaomi unveiled its large-screen flagship smartphone, the Xiaomi 17 Max, starting at RMB 4,299 after national subsidies, officially going on sale at 10 a.m. on May 25. Lei Jun stated on stage: 'Memory prices are expected to keep rising over the next two years—we strongly recommend upgrading your phone now if you’re planning to.' This remark directly brought the memory chip price surge narrative into the spotlight. Can the YU7 GT replicate the blockbuster success path of the SU7 Ultra? Can the 17 Max leverage the ongoing memory price cycle to break into the mid-to-high-end market? And will Xiaomi’s stock price find a catalyst for a rebound?
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