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Zhipu Shares Surge 48% After JPMorgan Raises Price Target

Zhipu Shares Surge 48% After JPMorgan Raises Price Target
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Zhipu Shares Surge 48% After JPMorgan Raises Price Target Shares of China’s AI model maker Zhipu surged after JPMorgan Chase & Co. raised the stock’s price target, while downgrading recommendation on its domestic rival MiniMax. Knowledge Atlas Technology Joint Stock Co. jumped as much as 48% on Monday. JPMorgan analysts kept their overweight rating on Zhipu, as the stock is known, and raised the target to HK$1400 from HK$950, touting the firm’s model visibility and pricing power.

Zhipu Shares Surge 48% After JPMorgan Raises Price Target Shares of China’s AI model maker Zhipu surged after JPMorgan Chase & Co. raised the stock’s price target, while downgrading recommendation on its domestic rival MiniMax. Knowledge Atlas Technology Joint Stock Co. jumped as much as 48% on Monday. JPMorgan analysts kept their overweight rating on Zhipu, as the stock is known, and raised the target to HK$1400 from HK$950, touting the firm’s model visibility and pricing power. [Image text:] zRpuas.cn Z.AI EN +Hi I'm z.ai How can I help you today? OBrainstorming
Zhipu Shares Surge (ORG) JPMorgan (ORG) China (LOCATION) AI (ORG) Zhipu (LOCATION) JPMorgan Chase & Co. (ORG) MiniMax (PERSON) Atlas Technology Joint Stock Co. (ORG)
Originally published by Bloomberg Markets Read original →