On the afternoon of February 3, 2026, the large model concept sector of the Hong Kong stock market showed strong growth momentum. MINIMAX-WP stood out particularly, with its share price rising by more than 14% at one point, successfully breaking the highest record since its listing.

Market Highlights: Sector Gains

MINIMAX-WP Leads the Rise: As the focal point of the sector, MINIMAX-WP's share price continued to rise, with a gain of over 14%, reflecting the market's high recognition of its core technology and commercialization prospects.

Zhipu Performs Steadily: Zhipu also performed well within the same sector, with a gain of over 11% in the afternoon.

Significant Sector Effect: Driven by the leading stock, related concept stocks in the Hong Kong large model sector all showed varying degrees of upward movement in the afternoon.

Industry Background and Developments

At the same time as the capital market strengthened, relevant enterprises and industries were also experiencing key milestones:

Technology Innovation Layout: The State-owned Assets Supervision and Administration Commission has recently intensified its deployment to cultivate a group of specialized, refined, and innovative "small giants", providing policy support for industry development.

AI Application Competition: WeChat groups have recently been flooded with "Yuanbao", indicating that the competition of AI large models in the Spring Festival red envelope and social scenarios has already begun.

Computing Power Infrastructure Support: At the same time, the trading volume of Cambrian-UP has exceeded 20 billion yuan, showing the market's huge demand for underlying computing power infrastructure.

Industry insiders believe that the collective breakout of the Hong Kong large model sector is not only the pursuit of funds for a single company, but also represents the market's overall confidence in the ability of AI industrialization and implementation.