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JPMorgan initiated coverage on AI firms Zhipu and MiniMax with an 'Overweight' rating, causing Zhipu's stock to increase by over 20%.
Zhipu's stock (02513) increased 18.425% to HKD $327.8 during morning trading, driven by a turnover of HKD $418.4 million.
Zhipu AI's stock (02513.HK) rose by 7.124% after the company open-sourced its new, high-performance GLM-OCR model.
Shares of Zhipu (02513) increased by 14.271% to close at HK$219.4 on significant trading turnover of HK$498.7 million.