Morgan Stanley Raises Chinese AI Startup Zhipu’s Target Price 72%: Stock Surges 37%
Morgan Stanley raised its price target on Chinese AI startup Zhipu by nearly 72% on Thursday, sending the stock up and capping a five-day run where the company gained over 37%. The bank says China’s AI industry is leaving the price war era behind. Analyst Gary Yu and colleagues raised Zhipu’s Hong Kong target from The post Morgan Stanley Raises Chinese AI Startup Zhipu’s Target Price 72%: Stock Surges 37% appeared first on BeInCrypto.
Key Takeaways
- Morgan Stanley raised its price target on Chinese AI startup Zhipu by nearly 72% on Thursday, sending the stock up and capping a five-day run where the company gained over 37%.
- The bank says China’s AI industry is leaving the price war era behind.
- Analyst Gary Yu and colleagues raised Zhipu’s Hong Kong target from The post Morgan Stanley Raises Chinese AI Startup Zhipu’s Target Price 72%: Stock Surges 37% appeared first on BeInCrypto.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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