HK Movers | MiniMax Soars 23% to Record After M2.5 AI Model Release

Stock Track

02/16

MINIMAX-WP's stock soared 22.79% on Monday to a record high of HK$835.

The rally is attributed to the recent launch of the company's latest flagship programming model, MiniMax M2.5. Described as the world's first production-grade model natively designed for Agent scenarios, it supports full-stack programming development across PC, App, and cross-platform applications, generating investor optimism.

Furthermore, Guotai Haitong issued a research report initiating coverage on MiniMax with an "Overweight" rating and a target price of HK$620. The report highlighted the company's leading performance in full-stack self-developed multimodal large models, its high proportion of overseas revenue, and ample cash reserves, projecting strong future growth and reinforcing positive market sentiment.

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