Zhipu AI market cap tops HK$1 trillion as shares of GLM-5.2 developer soar
New model ranks second globally on Code Arena list for front-end web development tasks, trailing only Anthropic flagship Claude Fable 5
Shares of Zhipu, which trades under the name Knowledge Atlas Technology, skyrocketed as much as 42 per cent on Monday morning to a peak of HK$2,980.
Investor sentiment got a boost from a bullish note last week from JPMorgan, which raised its 2026-2030 revenue forecast for Zhipu by between 7 and 16 per cent following the launch of its new GLM-5.2 model.
The bank said the model reinforced Zhipu’s leadership in China’s AI sector and showed the company’s growing pricing power, evidenced by Zhipu removing the discounts it offered with earlier versions for application-programming-interface pricing tiers.
JPMorgan projected an over 534 per cent revenue surge for Zhipu in 2026, and expected the AI firm to turn a profit in 2028, reversing its previous forecast of a net loss for that year.