Story perspectives
Zhipu AI Shares Soar 120%, But Overvaluation Concerns Loom
2/13/2026
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Story summary
- Zhipu, a Chinese AI developer, saw its shares surge over 120% this week to a record HK$492.
- Zhipu's GLM-5 outperformed competitors.
- Zhipu raised prices for its products by 30% due to high demand.
- JPMorgan Chase & Co. analysts view Zhipu and Minimax as top AI-growth picks.
- However, concerns rise as Zhipu's stock trades above JPMorgan's HK$400 target, signaling potential overvaluation amid uncertain adoption.
