摩根大通首予MiniMax“超配”评级：全球化AI先锋，引领下一波价值浪潮

Group 1 - MiniMax's stock price rose by 10.7% following a report from JPMorgan, which initiated coverage with an "Overweight" rating and a target price of 700 HKD, indicating a potential upside of approximately 36% from the current price [1] - Since its listing in early January, MiniMax's stock has surged over 230%, reaching a peak of 599.5 HKD [1] - Over 70% of MiniMax's revenue comes from international markets, showcasing its strong global presence and competitive edge in the AI sector [1] Group 2 - JPMorgan forecasts a compound annual growth rate (CAGR) of 138% for MiniMax's revenue from 2026 to 2030, with a break-even point expected in 2029 [1] - The report highlights MiniMax's leading position in internationalization and commercialization compared to another Chinese AI company, Zhiyu, which is projected to have a CAGR of 127% [2] - The Chinese AI industry is transitioning from a phase of intense competition to one focused on commercialization, originality, and global expansion, with MiniMax representing a key player in this evolution [2]