Zhipu Shares Plunge Over 3% in Afternoon Trading After Earlier Surge of 8% Following GLM-5.3 Release
Zhipu's Hong Kong-listed shares dropped more than 3% in afternoon trading after a brief surge of up to 8%. The company recently released its GLM-5.3 large language model.
In Hong Kong stock market trading, Zhipu shares experienced a sharp reversal, falling over 3% in the afternoon after earlier gaining as much as 8%. The volatility follows the company's release of its new GLM-5.3 large language model. Investors appear to be reacting to the news, with the stock price swinging significantly during the session. The GLM-5.3 model is a significant product update for Zhipu, which continues to compete in the large language model space.
Source: Zhipu GLM (GNews) —
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