On October 13, Z.AI declined 3.23% in regular trading, trading at 597.5 Hong Kong dollars, with turnover of 99.84 million Hong Kong dollars.

Market vigilance over upcoming pre-IPO share lock-up expirations, combined with broad weakness across Hong Kong's AI large-model sector, prompted notable profit-taking. Goldman Sachs recently upgraded Z.AI from Neutral to Buy with a target price of 1,560 Hong Kong dollars and raised its annualized ARR estimate to 3.2 billion US dollars, yet concerns persist over dilution from roughly 9 billion US dollars in equity financing and the overhang of lock-up releases.

Within the systems software sector, MINIMAX-W fell 3.27%, DeepExi Technology declined 2.71%, Haizhi Technology Group dropped 4.02%, Mobvoi lost 1.89%, and Wenge AI-50 edged down 0.54%.

(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.)