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On August 6, the list of eligible stocks for the Hong Kong Stock Connect was finalized, with AI company MiniMax and several other companies officially added to the list, effective from the same day. Affected by this news, as of the time of writing, MiniMax's stock price had risen by more than 17%, and its market attention continued to increase.
In recent days, MiniMax has been continuously advancing its multi-modal AI technology strategy and open-sourced its new general multi-modal generation model, MiniMax H3. This model ranked first globally in the Artificial Analysis video editing evaluation list and the Arena image-to-video ranking list, demonstrating strong video generation capabilities. At the same time, MiniMax H3 quickly gained popularity on the open-source community Hugging Face, surpassing DeepSeek V4Flash in rankings and becoming one of the most popular models in the community.
Industry experts and AI investors have also given positive evaluations of MiniMax H3. Industry figures such as Emad Mostaque, founder of Stable Diffusion, and Justine Moore, partner at Silicon Valley investment firm Andreessen Horowitz, have publicly shown interest in the progress of this model.
In the capital market, Jefferies recently reaffirmed its "buy" rating for MiniMax and set a target price of 1,118 HKD. Its latest report pointed out that the release of MiniMax H3 further strengthens the company's competitive advantage in the AI video generation field. Meanwhile, with its cost advantages, it is expected to drive enterprise customer expansion and commercialization.
As generative AI moves from model capability competition into application and commercialization stages, AI video generation and multi-modal interaction are becoming key areas in the industry. The inclusion of MiniMax in the Hong Kong Stock Connect also means that its influence in the capital market has expanded further, in addition to its technological breakthroughs.