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智譜AI市值破萬億港元！GLM-5.2開源模型硬撼美國封鎖，上演「DeepSeek 2.0」奇蹟

智譜AI（Knowledge Atlas Technology）6月22日港股收市升15.1%，盤中曾飆40%至2,980港元，市值突破1萬億港元（約1,280億美元），較1月IPO時約510億港元暴漲1,900% [2][7][11]。「DeepSeek 2.0」時刻由雙重因素引爆：開源模型GLM 5.2以極低價格橫空出世，加上美國商務部6月12日緊急出口禁令，令Anthropic最強模型Fable 5及Mythos 5在全球下架，形成供應缺口 [1][6][13]。

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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，端午假期後嘅第一個港股交易日，智譜AI（Knowledge Atlas Technology，02513.HK）股價一度飆升40%，高見2,980港元，市值正式突破1萬億港元（約1,280億美元）。由1月IPO時嘅約510億港元起步，短短五個幾月爆升近1,900%——呢個驚人升幅背後，係一場完美風暴：開源模型GLM-5.2嘅技術突破，加上美國政府突然封殺Anthropic旗艦模型，令全球開發者別無選擇，只能投向中國方案。

萬億市值背後嘅兩大引擎

1. GLM-5.2：全球最強開源編程模型

智譜AI喺6月中推出嘅GLM-5.2，係一個753B參數嘅Mixture-of-Experts（MoE）模型，採用MIT授權完全開源，支援100萬Token嘅上下文窗口。

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