Z.ai Shares Surge with New AI Model Using Domestic Chips
Z.ai shares trading in Hong Kong gained value following the GLM-5.3-Flash model, which is stated to run exclusively on Chinese-made semiconductors.
China-based artificial intelligence company Z.ai experienced a stock market rally after announcing its new AI model, GLM-5.3-Flash, which it claims runs entirely on domestic Chinese semiconductors.
Surge in Shares
Shares of Chinese artificial intelligence company Z.ai, trading on the Hong Kong Stock Exchange, increased by more than 8% in Thursday's trading following the announcement of the new model.
The company reported that its shares have experienced a significant percentage increase since its initial public offering in January.
GLM-5.3-Flash Model
GLM-5.3-Flash, a low-cost version of Z.ai's flagship model, ranks 10th on the Artificial Analysis Intelligence Index.
This model is positioned ahead of DeepSeek V4 Pro Max and became the most used model on the global OpenRouter platform in the past week.
Domestic Chip Claims
The company stated that it used 100,000 Chinese-made chips to manage all online requests, but did not share details.
Experts indicate that the company may have used Huawei Ascend and other domestic suppliers.
Market and Sector Status
China is increasing its domestic semiconductor capacity to achieve technological self-sufficiency following U.S. restrictions.
Z.ai's competitor MiniMax is also traded in Hong Kong, as companies prepare to announce their first-half financial results.