On June 12, Zhipu (02513.HK) rose 8.67% in regular trading, trading at HK$1,168.0/share, with turnover of HK$603 million.

On the news front, overseas tech stock sentiment recovered significantly, particularly in US storage and optical communication sectors, with the optimism spreading to the Hong Kong market and lifting AI-related stocks. The broader HK AI sector showed active performance, with peers such as Lanqi Technology (06809.HK) and Cambridge Technology (06166.HK) also posting notable gains.

The stock has seen sharp volatility recently. After being officially included in the Hang Seng Tech Index and Stock Connect on June 8, Zhipu dropped over 20% in just two trading days. The stock had previously retreated nearly 50% from its all-time high of HK$1,993 set on May 29. Overhanging concerns include upcoming cornerstone investor lock-up expiry, intense competition in the large language model space, and potential equity dilution from a proposed A-share listing on the SSE STAR Market. CMBI recently initiated coverage with a Buy rating, citing the company's leading frontier model capabilities.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)