Smart chart placement is finalized, J.P. Morgan Chase once again raised the target price for Smart chart.

J.P. Morgan has raised its target price on Zhimu by 20%, making it the second time in a week after raising the target price for the Chinese large-scale enterprise last Tuesday. The bank stated that the company's latest fundraising plans will help boost revenue. Analysts, including Olivia Xu, wrote in a research report that the new funds raised from the $4 billion stock placement can alleviate the bottleneck in computing power services and support future model training investments. J.P. Morgan said that the additional inference computing resources are expected to annual recurring income within 12 months. J.P. Morgan raised Zhimu's target price from HK$2000 to HK$2400; it had just raised the target price from HK$1800 to HK$2000 last Tuesday. In addition, J.P. Morgan simultaneously lowered the target price for MiniMax. The company's lock-up period expired last week, and the fundraising plan was launched, resulting in dilution of equity due to the placement, so the target was lowered accordingly. After lowering the target price last week, this time it was further lowered from HK$300 to HK$240.