0826 GMT - Zhipu AI's financial outlook could be better than previously expected, HSBC analysts say in a research note. Guidance of $1 billion in annualized revenue run rate by December is in line with HSBC's current expectations. HSBC had previously forecast ARR of $340 million. Domestic chip compatibility for AI inferencing has improved, partly resolving HSBC's concerns over chip shortage. Meanwhile, HSBC notes that Zhipu AI's latest models are among top performers globally, adding to investor confidence. HSBC maintains a hold rating on the stock and raises its target price to HK$1,900 from HK$920.00. Shares closed at HK$2,046.00. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 26, 2026 04:26 ET (08:26 GMT)
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