Stock Track | MINIMAX-WP Soars 5.58% Intraday on Alibaba Cloud Integration and Positive Analyst Outlook

Stock Track
May 22

MINIMAX-WP's stock surged 5.58% during intraday trading on Friday, reflecting strong investor confidence following significant business developments.

The rally is primarily attributed to the integration of MiniMax's M2.7 model onto Alibaba Cloud's Bailian platform, which was fully opened on May 20. This platform hosts frontier models from leading AI firms and supports on-demand invocation, with customer numbers reportedly growing eightfold year-over-year as of March.

Further bolstering sentiment are optimistic projections from major financial institutions. Morgan Stanley forecasts MiniMax's Annual Recurring Revenue (ARR) to exceed $1 billion by year-end with a target price of HK$1,100, while JPMorgan anticipates revenue of approximately $9.1 billion by 2030. Additionally, the company's launch of its 10xTeam cooperation plan to enhance capabilities in key vertical domains is seen as accelerating its commercial monetization path.

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