Zhipu shares surge 33% as Wall Street boosts China AI bets after US restricts Anthropic model access
By
Anniek Bao
A baker's-dozen of insight crammed into one ring.
Summary
Chinese AI developer Zhipu's shares surged 33% after Wall Street banks raised their bets on the company, following the Trump administration's order for Anthropic to suspend access to its advanced AI models (Fable 5 and Mythos 5) for foreign nationals over national security concerns. Bank of America initiated coverage with "buy" ratings on Zhipu and MiniMax. Zhipu also announced its latest open-source large model, GLM-5.2, on the same day.
Key quotes
· 3 pulledBank of America analysts on Monday initiated coverage with 'buy' ratings on the pair, setting targets of 1,250 Hong Kong dollars for Zhipu and 500 Hong Kong dollars for MiniMax.
The Trump administration on Friday ordered Anthropic to suspend access to its most advanced AI models, Fable 5 and Mythos 5, for any foreign national, including Anthropic's own non-citizen employees, over national security concerns.
Zhipu announced GLM-5.2, its latest and most capable open-source large model.
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