Washington’s ban on Anthropic’s flagship AI models for foreign nationals sparks a rally in Zhipu’s stock as it prepares to release its unrestricted GLM-5.2 model.
Shares of Knowledge Atlas Technology, Zhipu’s Hong Kong-listed holding company, surged as much as 48% before settling up 33% at HK$1,461. The rally followed a U.S. directive requiring Anthropic to block access to its Fable 5 and Mythos 5 models for foreign nationals, including its own employees, citing national security.
Anthropic disabled both models for all users to comply with the broad restriction. Zhipu announced plans to release its open-source GLM-5.2 model this week, framing it as a response to the U.S. move. The company stated that advanced AI should be accessible to all developers without restrictions.
JPMorgan maintained an overweight rating on Knowledge Atlas Technology, raising its price target to HK$1,400 from HK$950, while downgrading MiniMax. MiniMax shares still rose 7.4% in Monday trading.