Shares of KNOWLEDGE ATLAS surged 5.22% during intraday trading on Wednesday, marking a significant upward movement for the AI company.

The rally appears driven by two key positive developments. First, as the lock-up period for the company's IPO cornerstone shares nears its end, a significant number of institutional investors representing nearly 70% of the shares set to be unlocked have publicly affirmed their long-term confidence and commitment to holding their shares. This collective stance from state-level strategic capital, local government funds, and market-oriented investment firms has alleviated market concerns about potential large-scale selling pressure following the unlock.

Concurrently, JPMorgan raised its price target for KNOWLEDGE ATLAS from HK$1,800 to HK$2,000 while maintaining an "Overweight" rating. The investment bank highlighted the global competitiveness of the company's newly launched GLM-5.2 model and expressed optimism that its open-weight strategy could expand the model's usage scale, creating a growth pathway of broader distribution leading to stronger paid conversion. This analyst endorsement has bolstered investor confidence in the company's future revenue potential.