7月28日，MINIMAX-W盘中下跌6.1%，报215.2港元/股，成交额1708.46万港元。前一交易日该股曾涨近10%，管理层会议释放正面信号叠加高盛重申"买入"评级及860港元目标价曾推动股价反弹，但今日出现明显回吐。
消息面上，摩根大通此前将MiniMax目标价由240港元大幅下调至160港元，维持"中性"评级，当前股价仍显著高于该目标价，估值下修预期持续压制市场情绪。此外，月之暗面Kimi K3大模型发布带来的行业竞争加剧、公司约160亿港元配售及可转债融资的股本摊薄效应，以及解禁后财务投资者抛压等多重因素仍未充分消化。所属系统软件行业今日整体走弱，智谱跌7.34%、中国信息科技跌8%，板块承压共振下MINIMAX-W延续调整。
（以上内容均基于市场公开消息，由程序或算法智能生成，仅作为股价异动提醒，不作为投资建议或交易依据。）
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