Movement Alert|Z.AI Falls 3.12% in Regular Trading, Profit-Taking After Morgan Stanley Target Price Upgrade

Market Focus
Aug 11

On August 11, Z.AI fell 3.12% in regular trading, trading at 1210.0 HKD/share, with turnover of HKD 1.165 billion.

On the news front, the decline follows a sharp rally in the previous session after Morgan Stanley raised its target price by approximately 72% to HKD 1,700, citing improved computing power acquisition capabilities and new financing supporting stronger growth. The stock surged over 5% on August 10, and today's pullback reflects profit-taking after the accumulated gains.

Morgan Stanley noted the Chinese large language model industry is shifting from price competition to monetization through model intelligence, establishing a healthier commercialization environment. However, Z.AI had already accumulated significant gains in recent sessions, and the broader systems software sector weakened on the day, with MINIMAX-W down 0.19%, HAIZHI TECH GP down 3.23%, and DEEPEXI TECH down 1.96%, adding to short-term selling pressure.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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