Morgan Stanley Raises Chinese AI Startup Zhipu’s Target Price 72%: Stock Surges 37%

Morgan Stanley raised its price target on Chinese AI startup Zhipu by nearly 72% on Thursday, sending the stock up and capping a five-day run where the company gained over 37%. The bank says China’s AI industry is leaving the price war era behind. Analyst Gary Yu and colleagues raised Zhipu’s Hong Kong target from