Hong Kong stock movement: KNOWLEDGE ATLAS falls over 10%, JP Morgan report raises market concerns, future profitability becomes the focus

Hong Kong Stock Movement KNOWLEDGE ATLAS fell over 10%. Based on recent key news: On May 18, JP Morgan released a report stating that KNOWLEDGE ATLAS's monetization proposition depends on the continuation of its model leadership. JP Morgan gave KNOWLEDGE ATLAS an "Overweight" rating with a target price of 950 yuan. This report had a negative impact on KNOWLEDGE ATLAS's stock price. On May 17, the prospectus of Jiliu Technology showed that KNOWLEDGE ATLAS AI participated in Jiliu Technology's angel round financing and made multiple additional investments through its ecological fund Xinglian Capital. This information revealed changes in KNOWLEDGE ATLAS's customer structure, which may lead to market concerns about its future profitability. Competition in the technology industry is intensifying, and the flow of funds is unclear. Stocks with High Trading Volume in the Industry MINIMAX-W fell 7.50%. Based on recent key news: On May 18, JP Morgan's report pointed out that MINIMAX-W's infrastructure dominant value proposition is under pressure from DeepSeek. DeepSeek launched a low-cost API with higher efficiency, leading to a decline in MINIMAX-W's stock price. JP Morgan gave MINIMAX-W an Overweight rating with a target price of HKD 1,100. On May 18, JP Morgan's analysis indicated that the launch of DeepSeek V4 impacts the Chinese large language model market, challenging MINIMAX-W's competitiveness. JP Morgan believes MINIMAX-W needs to demonstrate advantages in task completion economic benefits to maintain differentiation. On May 18, JP Morgan's report emphasized that MINIMAX-W's infrastructure value proposition is under pressure and needs to demonstrate leadership in task completion economic benefits in the next cycle. JP Morgan gave an Overweight rating with a target price of HKD 1,100. Industry competition is intensifying, and macroeconomic uncertainty is increasing. Dipu Technology rose 0.31%. Based on recent news: On May 18, Forbes China announced the results of the "2026 Forbes China AI Technology Companies TOP 50" selection, with Dipu Technology selected for its depth of commercial landing in the enterprise-level AI and intelligent agent track and technical engineering accumulation. This selection highlights Dipu Technology's leading position in the commercialization process of AI, driving the stock price up. On May 18, Dipu Technology's Deepexi enterprise large model and FastAGI enterprise intelligent agent platform continue to invest in research and development, forming the DeepexiOS "AI-level enterprise operating system" foundation, providing enterprises with high-precision, secure, and controllable AI employee infrastructure. The affirmation of technical strength and landing capability further enhances market confidence. On May 18, Dipu Technology's landing practices in manufacturing, consumer retail, healthcare, and transportation industries continue to deepen, promoting enterprise AI employees to evolve from single-point scenarios to complete business chain collaboration, helping more enterprises gain quantifiable business value from AI investments, enhancing investors' expectations for its future development. The AI industry continues to grow, with broad market prospects Haizhi Technology Group, up 0.77%, with a transaction amount reaching HKD 16.19 million, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation. Stocks ranked at the top of the industry by market capitalization Jishijiao, up 2.04%, with a market capitalization reaching HKD 11.3 billion, has no significant news recently. The trading is active, and the capital flow is evident. Considering the sector and industry trends, the stock shows significant volatility, and the specific reasons need further observation