---
title: "Zhipu AI Surges 10% After GLM-5.2 Tops Global Code Arena Test"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/290004048.md"
description: "Zhipu AI rose 10% to HK$1,623 after GLM-5.2 ranked first in global Code Arena; JPMorgan lifted target to HK$1,400."
datetime: "2026-06-17T05:41:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/290004048.md)
  - [en](https://longbridge.com/en/news/290004048.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/290004048.md)
generator: "portal-rs"
---

# Zhipu AI Surges 10% After GLM-5.2 Tops Global Code Arena Test

Zhipu AI (2513.HK) surged 10% in Hong Kong trading to HK$1,623. On June 17, the company officially open-sourced its next-generation flagship model GLM-5.2, which achieved best performance among available models in Code Arena global blind evaluation.

The model supports 1M ultra-long context window with significantly improved coding capabilities. Long-horizon task planning and execution received positive feedback from the developer community.

Multiple institutions recently upgraded ratings and price targets. JPMorgan reaffirmed Buy rating, raising target from HK$950 to HK$**1,400**, citing API pricing doubling this year while maintaining business growth. CICC maintained Outperform with target at HK$**1,250**. Macquarie kept Outperform rating with target of HK$**1,221.4**.

Zhipu was recently added to Hang Seng Tech 100 Index. Southern capital continued net buying with HK$**22.94 billion** single-day inflow on June 15. Amid US restrictions on Anthropic models, domestic substitution sentiment strengthened, with GLM-5.2 filling the market gap. The stock had previously jumped over 32% on June 15.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**