Z.ai shares surge 37% as firm builds giant data centre powered by Chinese chips
The News
Shares of Chinese AI company Z.ai surged 37% in Hong Kong trading on Tuesday after the firm completed a large data center powered entirely by Chinese-made chips. The stock closed at HK$1,219, recovering from a more than 40% decline the previous week. The development underscores China's push for technological self-reliance in AI infrastructure.
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Z.ai shares surged 37% in Hong Kong.
Shares of Z.ai surged 37% in Hong Kong on Tuesday.
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Key findings
Shares of Z.ai surged 37% in Hong Kong on Tuesday.
South China Morning Post- Z.ai shares surged 37% in Hong Kong.
- Closing price HK$1,219 (US$155).
Plain English
Loaded language removedShares of Chinese AI giant Z.ai soared 37 per cent in Hong Kong on Tuesday to close at HK$1,219 (US$155), after the company recently completed a giant data centre powered entirely by Chinese chips. Also known as Zhipu, the firm’s share prices rebounded after a week-long drop of more than 40 per cent.
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Claims
Shares of Z.ai surged 37% in Hong Kong on Tuesday.
South China Morning PostThe surge followed completion of a giant data centre powered entirely by Chinese chips.
South China Morning PostZ.ai is also known as Zhipu.
South China Morning PostThe share price rebounded after a week-long drop of more than 40%.
South China Morning PostZ.ai closed at HK$1,219 (US$155) on Tuesday.
South China Morning Post