Zhipu AI Market Cap Hits HK$1 Trillion
- •Zhipu AI market valuation surpassed HK$1 trillion, or US$128 billion, on June 22, 2026.
- •Shares rose 15.1 per cent on Monday, continuing a surge of over 1,700 per cent since January.
- •JPMorgan raised 2026-2030 revenue forecasts, projecting company profitability by 2028 following the GLM-5.2 model launch.
Zhipu AI's market capitalization reached HK$1 trillion (US$128 billion) on June 22, 2026, following a significant rise in its share price. The company, which trades as Knowledge Atlas Technology, saw its stock jump by as much as 42 per cent during Monday morning trading before closing with a 15.1 per cent gain at HK$2,410. Since its market debut in January, Zhipu AI’s stock price has climbed more than 1,700 per cent. The recent rally follows the release of the company's new GLM-5.2 language model, which is ranked second globally in front-end web development tasks on the Code Arena benchmark, behind only Anthropic’s Claude Fable 5.
Positive market momentum was further supported by a forecast update from JPMorgan. The investment bank raised its 2026-2030 revenue expectations for Zhipu AI by 7 to 16 per cent. Analysts highlighted the company's strengthened pricing power, noting that Zhipu AI has eliminated previous discounts for its application programming interface (API) pricing tiers. JPMorgan now projects a 534 per cent annual revenue increase for the firm in 2026 and expects the company to achieve profitability by 2028, a reversal from previous net loss projections.