# Zhipu Shares Surge 48% After JPMorgan Raises Price Target

> **Open Intelligence Dossier** · First detected: 2026-06-15 07:07 UTC · Category: Business

## Executive Summary
China’s AI sector splits as Zhipu’s shares leap on Wall Street upgrades amid Anthropic’s US restrictions

## Intelligence Brief
Bank of America also initiated coverage with a **"Buy"** rating, while downgrading rival MINIMAX-W (00100.HK) to **Neutral** and cutting its target to **HKD400**. Coverage emphasizes the **two-speed AI market** narrative, with outlets like **Bloomberg, CNBC, and Moomoo** highlighting Zhipu’s outperformance against US peers. **AASTOCKS.com** and **thebambooworks.com** note Knowledge Atlas (Zhipu’s parent) is seeking additional funding in Shanghai, suggesting expansion beyond its Hong Kong listing.


Analysts frame the shift as a **geopolitical AI race**, with China’s firms gaining relative appeal amid US regulatory tightening. Watch for further price volatility as more Wall Street firms weigh in.

## Multi-Source Evidence Table
| Source Outlet | Headline | Verification URL |
|---|---|---|
| South China Morning Post | Zhipu AI’s stock rockets after Chinese firm launches GLM-5.2 model | [Source Link](https://news.google.com/rss/articles/CBMivgFBVV95cUxQNnJfNlFpLVNhV3BhaEF3UHpQa3UzdW1zWmpXLTNrT0dvOG5qeFdQTXZkcDd6c0VuMF9HanozaWh3d09FUE11bXBwTjNyV2h5bFp5NHhJc0w5dUxEaTVpYTRzT215VE1tQ0JISkhhRl9vaWVIdjlGY1M3R1dNT0JVM3NrbWpQdlpJQ1VLVFliSmVKMHUzSFg4dWNPSFdIUWhqZ0FXQ3hqbkJOaDJZOUhwYlZxTEJOZnhGTEYtakdn?oc=5) |
| AASTOCKS.com | JPM Raises KNOWLEDGE ATLAS (02513.HK) TP to HKD1,400, Downgrades MINIMAX-W (00100.HK) to Neutral, Cuts TP to HKD400 | [Source Link](https://news.google.com/rss/articles/CBMihAFBVV95cUxOX3E2dWFna2kyM1FXUVZQTC1BS2xzUDduUVdlSlpDczM1clJoWHdaNGx2RmZQTkRVSGUta1FBRDN3RzA0TUpXeGM3LXFPOTNLNXhSUWJDWHN6aS1KVGFlVk44VW5xQVlOUkpHcHIySkVMLTVwVnZPTXNIOGtJbTVQS1ZfbjQ?oc=5) |
| qz.com | Zhipu stock surges after U.S. curbs Anthropic AI models | [Source Link](https://news.google.com/rss/articles/CBMif0FVX3lxTE5za01CUlBPTE1rYWFaU0VmdkQyNTZVdlJudUFXcTdiWnh6QlZYajRoWWRjZFBheHpnTjFiaFpIZVFHUkJLSlRPMjhFZTVFZ2ZfR29CLTdNMkQyV29ycHlqbDRvUTY4N19jRmpDXzUxMmlRbnZ1SE92TC1jZTBTLTQ?oc=5) |
| Nikkei Asia | Zhipu soars and Minimax stumbles as China's AI stocks diverge | [Source Link](https://news.google.com/rss/articles/CBMiyAFBVV95cUxNMV9rWWU0ZkNzS3dDM1JWOUJvck4zZXF5S3FKMHhmY19UNVF2OWVrU3l2djJOQVB1NkRTYzZLX1hPMnpaTnJlOElJTWY2WWlrY3BWS2VwanhraHhRT1N1amY4RWhVdnB3bHVBQ25BYVFmRnp6RE5lRmhXdjNJUGVIR19tQWJEc00zakRXWjNpQ2VVNk44TDFGZnI2OFpDTzJKRzVfRHo2S3NWYXphcGV0c21iNDJVc05PQy01T2xXOU16OTk5d1FYdA?oc=5) |
| AASTOCKS.com | BofAS Initiates MINIMAX-W (00100.HK) at Buy, TP HKD500 | [Source Link](https://news.google.com/rss/articles/CBMib0FVX3lxTE9kVVMwUlNpVGswamJFcFhXWVV1LXo2REZxc2JxZkFoYllEWkdZLXJxcTd1bEY3Zk54ZHFRd2RrYzVac29YbWJNd1JzaWl4Vi1nNDc3YnpNOGN0X1VFeWUtQ3lSUEF4X0R5eDctMHh6OA?oc=5) |
| Seeking Alpha | Zhipu jumps 33% as Wall Street eyes China AI after Anthropic curbs (ANTHRO:Private) | [Source Link](https://news.google.com/rss/articles/CBMipgFBVV95cUxOQWJYM0hKZTh4NXRNelNOLWdnS2JDamgzYUUtNERyeElfOUZDRnlUVVpsaG5kOGNsdnpxTE0wVjVjejc0WHhBTG1jU21vYzFrQXVneFdHYjZMa0k0S1dvUkctUkNJZkRnck42VkRQUnA5WWVKLUZZNlpFTHV5clF4N1B2TkQ4VnpELTd3aUZsNm04bENLNm90S3pCeTNEMERYRGtiMkV3?oc=5) |
| Moomoo | Bank of America initiates Zhipu AI (02513.HK) and MINIMAX-W (00100.HK) with a "Buy" rating, noting the emergence of a two-speed structure in the global AI market. | [Source Link](https://news.google.com/rss/articles/CBMingFBVV95cUxON3NMUEpxUEtCX3F4UEpmSUJzTTVwY3BvZUtOVUJLdy1VN0lobE9uSGdfNndneUl6QXA3LVR6bkQ0UTVZTFFxOTBiWWQ5blJoUUxUZldtZEw0bXVSM0lQallrMW1VTjA3TktBOGZKNVFKT0ltMF94bGs4OVpsV3Y1UE1KNGlPRFRTUjZPcnY5eW95d0E5TmxjNE5kZkxsQQ?oc=5) |
| thebambooworks.com | Unsated by Hong Kong listing, Knowledge Atlas seeks more funds in Shanghai | [Source Link](https://news.google.com/rss/articles/CBMiowFBVV95cUxPTHVZMXlyYWlNTUNvbjRUMW81enUxNkpPbG9XeVdMc2VQWld4ZXBFVFZpejFiV2RyRHJqTXJTZFhGTE5fYkJDV2VxeTFibEprNjlhak1BNG5iRkRJY2Z3b2VnNkpsN0h1M0s5WjgwaU5BSEl5eUJRM3FhS3psRExHMWFzTEh4Yk1WUHltNDZ6SE9kYXRyNTFFYjVYTFZqRTZkNk5n?oc=5) |
| AASTOCKS.com | JPM Raises KNOWLEDGE ATLAS (02513.HK) TP to HKD1,400, Downgrades MINIMAX-W (00100.HK) to Neutral, Cuts TP to HKD400 | [Source Link](https://news.google.com/rss/articles/CBMigwFBVV95cUxPZU5fME1LdGtOQ2tQN2xUdk1KaXFjbnRyeUpxcTBDVTAtT3RtOXY5TmIxUWhOMEEzemVGa3AxV0RiZDRzYkM5YjlDdjVySHBLMlhFUHkxN3lHek9WQ3Z2dEI3VWV2UHhxNkpwTzJvN0lWajI1YmtHSVhVeG9HQ25PQ1pqcw?oc=5) |
| CNBC | Zhipu surges 33% as Wall Street raises bets on China AI after Anthropic curbs | [Source Link](https://news.google.com/rss/articles/CBMitgFBVV95cUxPaUdFaUFxYVdoVWxNc2tVU21pdmVGZUhHc0M0UlRZV0VxU0kyWUxiQmY0TDc1aTNlRFJxLXNiSWczbF9HSG1wNG1Ubkp2eGFXM2oyaHNESnBIa2ZHV0lmVXRtbnMycDVGNkt4OTNvTC0ya2VYYkRPaTZSZE1VU1lfNW55OF8xMkJNeGhzTWF4cXhHODMwbzBpZndQd09iYThoRm5TY3lZdG5fdk9tZURPcWI0ZThTUdIBuwFBVV95cUxNTUVnWFBIa3BfWS1YYnhzOVMwS2Q3U3gyMmVFTEtSWE0tQmpOT2R3aTRuNkxwRWpPS3B0aGZVQk9BTEk1R2RDSXhISW84NUNPU0FlSXZreThiakp6d3phQU5tOC1wQU5WcE5fNkVGYzhUaTJGb3dyaXl4Qy1sYkRPamR0aTc0UzhYQ1Z1bTVMQVBXTUExOGFjb3Biamh) |
| Bloomberg.com | Zhipu Shares Surge 48% After JPMorgan Raises Price Target | [Source Link](https://news.google.com/rss/articles/CBMiqwFBVV95cUxQY1FPS1hURFdpMGdBZ19OWkM2TjZWcnZCWDhLSTRNRjM4VEEwTExHTkJURktEZ3dkN3hPaF9oSHVSSVlBa1dQeG92bDFUYnAta2VUWEZQVWROTkQwaXNxWlo3YWFqZ1FtTDBPLXVUTUdLeldaLThlQ3oxWWxuaWE5a0lxcm5CWVFYTm9WVVhPbGJsX0ZKXy1oZUdOdDNPcTF1NFU4X09CUUFOeG8?oc=5) |

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*Canonical Source: https://pulse.byoviral.com/trend/2026-06-15/zhipu-shares-surge-48-after-jpmorgan-raises-price-target*