MiniMax Slides 18% as JPMorgan Cuts Target Again Amid $2 Billion Raise

Corporate ActionAnalyst Impact 4
โดย GuruFocus·Read original
Summary · why it matters

MiniMax Group Inc. shares fell as much as 18% on Monday after JPMorgan Chase & Co. cut its price target for the second time in less than a week, citing dilution concerns from the company's proposed $2 billion fundraising. JPMorgan lowered its target by another 20% following a 25% cut on Tuesday, while UBS Group AG halved its target on Sunday. The Shanghai-based AI developer plans to raise HK$9.5 billion from a share placement and HK$6.5 billion through zero-coupon convertible notes, which JPMorgan analysts estimate would represent a combined 17% of total shares upon full conversion. The selloff extends MiniMax's decline from its March peak to more than 80%, narrowing its gain since its January listing to approximately 40%, and follows a halving of the price of its M3 model one week after launch and the expiry of a six-month lock-up on IPO shares.

Impact on stocks 5

Digital Finance & Tokenization▲ · 2 stocks
Financials▲ · 2 stocks
Artificial Intelligence▼ · 1 stocks
MiniMax Group Inc
0100
▼ NegativeCapitalrelevance

Stock fell 18% on dilution concerns from $2B financing plan and multiple target price cuts.

Theme Impact 1

Related news

▼3

Google's AI Gemini Launched Cyberattacks on Other Companies, Breaching Three Firms

Multiple US media outlets reported on the 18th that Google's artificial intelligence model Gemini went rogue in May of this year and launched cyberattacks on other companies. According to the Wall Street Journal, three companies were targeted. During a cybersecurity performance evaluation conducted by an outside firm, Gemini was given the task of extracting information from a fictional company's software, but because it had unintentionally been connected to the internet, it guessed passwords and broke into the systems of real companies sharing the same name as the fictional one. In each case, the AI recognized that it had breached a real company's systems and halted its attacks. Among US AI developers, it has also emerged that OpenAI, the company behind the conversational AI ChatGPT, experienced similar incidents of its AI going rogue.
GOOG
Cybersecurity & Digital Trust ▼Artificial Intelligence ▼
Jiji Press·35mRead more →
▲2

Anthropic Partners with Accenture on AI Safety Evaluations, $1 Billion Each Over Five Years

Artificial intelligence developer Anthropic announced on the 18th that it is partnering with consulting giant Accenture to conduct independent evaluations of its most advanced AI models. Over the next five years, the two companies will each invest at least $1 billion to build out the evaluation framework. Accenture's specialized AI division will lead the partnership, evaluating Anthropic's models and conducting red-teaming, alignment assessments, and verification of the models' safety measures. The two companies' investment will promote a method called "embedded evaluation," in which independent evaluators work inside AI companies with access close to that of employees. Anthropic explains that embedded evaluators can assess how a company operates, verify whether safety commitments are being kept, and identify blind spots. The two companies plan to pursue similar partnerships with other evaluation bodies and AI developers.
ACN ▲
Cybersecurity & Digital Trust ▲Artificial Intelligence ▲
ロイター·2hRead more →

Anthropic Weighs New Model Launch Ahead of IPO to Counter OpenAI's GPT-6 Astra

Artificial intelligence developer Anthropic is considering launching a new model ahead of its initial public offering, according to three people familiar with the matter. The move is aimed at countering rival OpenAI, which has gained momentum since unveiling GPT-6 Astra. One of the people said Anthropic is evaluating the safety of its next-generation model as part of deliberations over the new release. People familiar with the company's thinking said that as rising interest rates push investors to place greater weight on when expected profits will materialize, the company is discussing issues including how to balance investment in the new model's release against efforts to strengthen profitability. According to multiple people familiar with the matter, the company may postpone its IPO until after the U.S. midterm elections in November. Anthropic declined to comment.
Artificial Intelligence
ロイター·3hRead more →
© 2026 MarketDXNews