中国AI开年首场冰与火:Kimi创最快进阶纪录,智谱雪崩!

老胡智本论
Feb 25

2026年的春天,中国人工智能赛道迎来了前所未有的戏剧性分化。就在一个月前,智谱和MiniMax还是港股市场最耀眼的明星,股价短短40余天暴涨近5倍,双双冲破3000亿港元市值。然而,就在2月23日,风云突变——智谱单日暴跌22%,MiniMax跌超13%,两家公司一天之内合计蒸发超1100亿港元市值。随后,其股价继续下探。与此同时,近日,未上市的月之暗面(Kimi)却传来喜讯:超7亿美元新融资...

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