JPMorgan: MINIMAX-WP's Launch of New M3 Model Represents Strategic Shift, Maintains "Overweight" Rating

Stock News

Jun 02

JPMorgan has released a research report stating that the launch of the new M3 model by MINIMAX-WP (00100) represents a strategic transformation, indicating the company is pivoting towards a higher-end programming and intelligent agent model strategy.

The most direct and powerful signal comes from pricing, with the M3's API price being significantly higher than those of the M2.7 and M2.5 models, reflecting the company's belief that this model should command a premium for its capabilities.

The report suggests that, given the relatively low switching costs for API and coding tool users, the M3's premium pricing still requires broader validation from developer feedback.

JPMorgan has assigned the stock an "Overweight" rating with a target price of HK$1,100.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/1163198425"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1163198425\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1163198425?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-02 16:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1163198425","market":"us","top_or_hot":-1,"title":"JPMorgan: MINIMAX-WP's Launch of New M3 Model Represents Strategic Shift, Maintains \"Overweight\" Rating","media":"Stock News","content":"<p>JPMorgan has released a research report stating that the launch of the new M3 model by <b>MINIMAX-WP (00100)</b> represents a strategic transformation, indicating the company is pivoting towards a higher-end programming and intelligent agent model strategy.<br><br>The most direct and powerful signal comes from pricing, with the M3's API price being significantly higher than those of the M2.7 and M2.5 models, reflecting the company's belief that this model should command a premium for its capabilities.<br><br>The report suggests that, given the relatively low switching costs for API and coding tool users, the M3's premium pricing still requires broader validation from developer feedback.<br><br>JPMorgan has assigned the stock an \"Overweight\" rating with a target price of HK$1,100.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>JPMorgan: MINIMAX-WP's Launch of New M3 Model Represents Strategic Shift, Maintains \"Overweight\" Rating</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJPMorgan: MINIMAX-WP's Launch of New M3 Model Represents Strategic Shift, Maintains \"Overweight\" Rating\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-06-02 16:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>JPMorgan has released a research report stating that the launch of the new M3 model by <b>MINIMAX-WP (00100)</b> represents a strategic transformation, indicating the company is pivoting towards a higher-end programming and intelligent agent model strategy.<br><br>The most direct and powerful signal comes from pricing, with the M3's API price being significantly higher than those of the M2.7 and M2.5 models, reflecting the company's belief that this model should command a premium for its capabilities.<br><br>The report suggests that, given the relatively low switching costs for API and coding tool users, the M3's premium pricing still requires broader validation from developer feedback.<br><br>JPMorgan has assigned the stock an \"Overweight\" rating with a target price of HK$1,100.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00100","symbol_name":"MINIMAX-W","start_time":0,"source_url":"","article_id":"1163198425","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1163198425","pubTimestamp":1780388181,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"JPMorgan has released a research report stating that the launch of the new M3 model by MINIMAX-WP (00100) represents a strategic transformation, indicating the company is pivoting towards a...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00100":"MINIMAX-W","BK1117":"系统软件"},"translate_title":"摩根大通：MINIMAX-WP推出M3新机型代表战略转移维持“跑赢大盘”评级","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00100":1},"content_text":"JPMorgan has released a research report stating that the launch of the new M3 model by MINIMAX-WP (00100) represents a strategic transformation, indicating the company is pivoting towards a higher-end programming and intelligent agent model strategy.The most direct and powerful signal comes from pricing, with the M3's API price being significantly higher than those of the M2.7 and M2.5 models, reflecting the company's belief that this model should command a premium for its capabilities.The report suggests that, given the relatively low switching costs for API and coding tool users, the M3's premium pricing still requires broader validation from developer feedback.JPMorgan has assigned the stock an \"Overweight\" rating with a target price of HK$1,100.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"productRelease","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}