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Shares of Chinese AI developer Zhipu surged up to 48% after Wall Street banks raised price targets and as US restrictions on Anthropic's models boosted demand for Chinese alternatives. Zhipu announced its open-source GLM-5.2 model.
SpaceX shares surged 9%, briefly surpassing Microsoft in market cap to become the fourth-largest US company after a record IPO and announcing the $60 billion acquisition of AI coding startup Cursor.