Zhipu, a leading Chinese artificial intelligence company listed in Hong Kong, saw its shares surge over 12% during intraday trading on June 23, 2026. The rally propelled the company's total market capitalization past the HK$1 trillion mark, a historic milestone for the AI firm. The stock traded at elevated levels with significantly increased volume, reflecting strong investor confidence in Zhipu's growth prospects and the broader AI sector.
The market cap breakthrough underscores the market's enthusiasm for AI-related stocks in Hong Kong. Zhipu, as a representative AI player, is expected to benefit from continued adoption of AI technologies. Investors are now focusing on the company's upcoming earnings and business expansion plans. The surge also lifted sentiment in the Hong Kong tech sector, with other AI and technology stocks seeing positive momentum.