Zhipu Shares Surge 33% After JPMorgan Picks Company as AI Winner
Key Points:
- Shares of Chinese AI model maker Zhipu (Knowledge Atlas Technology JSC) surged 33% following JPMorgan Chase & Co.'s upgrade of its price target and selection as a top pick over rival MiniMax.
- The significant stock jump marks one of Zhipu's largest gains since its successful initial public offering in Hong Kong earlier this year.
- Zhipu and MiniMax, which debuted in the market just a day apart in January, are leading Chinese startups developing AI tools aimed at competing with top US technologies.