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China’s Zhipu Gets Lone ‘Short’ Call After 1,100% Rally
Key Points
Jun 17th, 2026 China’s Zhipu Gets Lone ‘Short’ Call After 1,100% Rally Despite Zhipu being the hottest stock on the HSTECH Index this year, Felix Wang of Hedgeye Risk Management says the fair value for the stock on the short side is HK$407. He adds that Zhipu lacks pricing power, particularly after the release of DeepSeek’s V4 model, which has triggered a price war among Chinese AI firms.
Jun 17th, 2026
China’s Zhipu Gets Lone ‘Short’ Call After 1,100% Rally
Despite Zhipu being the hottest stock on the HSTECH Index this year, Felix Wang of Hedgeye Risk Management says the fair value for the stock on the short side is HK$407. He adds that Zhipu lacks pricing power, particularly after the release of DeepSeek’s V4 model, which has triggered a price war among Chinese AI firms. He spoke on “Bloomberg: The China Show.”
[Image text:] Felix Wang
-HEDGEYE RISKMANAGEMENT
MANAGING DIRECTOR OF
GLOBAL TECHNOLOGY
Bloomberg
WANG:GOSHORT ONZHIPU
TheChina Show