On August 28, Z.AI fell 3.62% in regular trading, trading at 1125.0 HKD/share, with turnover of 14.35 billion HKD. The stock had surged over 5% the previous session after confirming that the viral anonymous model Ox Alpha was its GLM-5.3-Flash, triggering short-term profit-taking today.
Z.AI officially launched and open-sourced GLM-5.3-Flash on August 26, the first native multimodal model in the GLM-5 series. The model's entire online inference workload is served by over 100,000 domestically produced chips, with usage volumes exceeding DeepSeek by more than double on the OpenRouter platform. The stock gapped up over 8% on August 27 on the news. However, with positive catalysts now fully absorbed, the market has entered a consolidation phase. Additionally, the company is scheduled to release interim results on August 31, with no consensus revenue forecast currently available, contributing to pre-earnings caution among investors.
(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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