Zhipu surges 33% as Wall Street raises bets on China AI after Anthropic curbs
Zhipu surges 33% as Wall Street raises bets on China AI after Anthropic curbs
Publish Date: 2026-06-15 02:14:00
Source Domain: www.cnbc.com
Below is a polite and respectful summary of the article incorporating between 4 and 8 key points:
- Market Reaction: Shares of Zhipu, a Chinese AI model developer, surged on Monday driven by positive ratings and target price increases by Wall Street banks.
- JPMorgan’s Upgrade: JPMorgan upgraded Zhipu to “overweight” and raised its target price from HK$950 to HK$1,400 per share, citing the firm’s model visibility and pricing power compared to its rival MiniMax.
- U.S. Policy Impact: The U.S. administration’s decision to restrict access to Anthropic’s advanced AI models may benefit companies like Zhipu, which has emphasized open distribution for its products.
- Zhipu’s Latest Model: Zhipu announced the release of its advanced GLM-5.2 as open-source software, positioning it as a competitor to U.S. models in the global AI market while emphasizing open access.
- Industry Debate: The U.S. curbs on frontier AI access have sparked discussions about the potential “brain drain” of skilled Asian, including Chinese, AI engineers toward Chinese competitors.
- Market Capitalization: Zhipu’s market capitalization has significantly increased, standing at HK$489 billion as of Monday, largely surpassing that of MiniMax at HK$124.2 billion.
- Future Prospects: Analysts suggest that while Zhipu currently leads, MiniMax could potentially catch up based on its fair price-to-sales ratio.
- Comparative Listings: Both Zhipu and MiniMax are planning listings on China’s STAR Market in Shanghai, with Wall Street Banks projecting differing growth potential for each.
For more detailed analysis and current updates, consider visiting CNBC’s website, the original source of the article.
