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智谱AI市值突破万亿港元：开源GLM-5.2性能比肩美国顶级模型，价格却低82%

6月22日，智谱AI港股飙升40%，市值突破1万亿港元（约1280亿美元），自1月IPO以来涨幅超1900% GLM 5.2（753B参数MoE架构，MIT开源协议）在SWE bench Pro等多项编程基准测试中超越GPT 5.5，逼近Claude Opus 4.8 定价仅为美国顶级闭源模型的1/6（输入/输出每百万Token 1.4/4.4美元），安全测试中漏洞发现成本降低约68%

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Zhipu AI stock chart showing market cap surpassing HK$1 trillion with GLM-5.2 model visual and 'DeepSeek 2.0 moment' text overlay — Search & fact-check with cited sources for How did Zhipu AI's market capitalization surpass HK$1 trillion after its open-source GLM-5.2 modeZhipu AI's market capitalization crossed HK$1 trillion on June 22, 2026, driven by the open-source release of GLM-5.2 and a US export ban on Anthropic's Claude models.
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Create a landscape editorial hero image for this Studio Global article: Search & fact-check with cited sources for How did Zhipu AI's market capitalization surpass HK$1 trillion after its open-source GLM-5.2 mode. Article summary: On June 22, 2026, Zhipu AI's Hong Kong-listed shares surged by as much as 40% to HK$2,980, pushing its market capitalization past HK$1 trillion (~US$128 billion) — a ~1,900% year-to-date gain from its January IPO valuati. Topic tags: general, general web, user generated, news, documentation. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, water
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2026年6月22日，智谱AI（Zhipu AI）港股股价一度暴涨40%，触及2980港元，市值突破1万亿港元（约1280亿美元）——自1月IPO时约510亿港元的估值以来，年内涨幅高达约1900%。这一被市场称为“DeepSeek 2.0时刻”的爆发，源于一记精准的组合拳：开源模型GLM-5.2以美国对手零头的价格发布，同时美国政府对Anthropic旗舰模型实施紧急出口禁令，造成市场供给真空，而智谱AI恰好填补了这一缺口。

万亿港元市值的驱动力

GLM-5.2的基准测试领先地位。 GLM-5.2（753B参数混合专家模型，MIT开源协议）在多项开源模型评测中拔得头筹：SWE-bench Pro得分62.1（GPT-5.5为58.6），FrontierSWE得分74.4（超越GPT-5.5的72.6，仅比Claude Opus 4.8低约1个百分点），Terminal-Bench 2.1得分81.0，GPQA-Diamond得分91.2。它在Code Arena Frontend排行榜上位列全球第二，在多个数小时级别的编程基准测试中排名开源模型第一。

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