Bank of America Merrill Lynch: First give intelligent spectrum (02513.HK) and MINIMAX-W (00100.HK) a "buy" rating. The global AI market is forming a dual-speed structure.

According to the Zhitong Finance APP, Bank of America has released a research report stating that they have initiated a "buy" investment rating for Zhipu (02513.HK) and MINIMAX-W (00100) for the first time, with target prices of 1250 Hong Kong dollars and 500 Hong Kong dollars respectively. Bank of America stated that the global artificial intelligence (AI) market is forming a dual-speed pattern: American companies may maintain a leading edge in cutting-edge capabilities, while Chinese models are gaining market recognition due to their low cost and high performance. Despite limited computing power, Chinese companies are optimizing expenditure strategies - as the prices of cutting-edge models rise, this cost-effectiveness advantage is becoming increasingly important globally, especially in large-scale, non-critical application scenarios.