Shares of large model companies rebounded, with MiniMax (00100) rising 5% to HK$188.5, Zhipu (02513) up 3.7% to HK$532.5, Baidu (09888) up 2.9% to HK$80.65, Tencent (00700) up 2.4% to HK$427.8, and SenseTime (00020) up 2.6% to HK$1.17.

　　Credit risk for AI cloud service provider CoreWeave (US.CRWV) continues to rise, with market pricing indicating a default probability exceeding 60% over the next five years. Jensen Huang, CEO of NVIDIA (US.NVDA), said on Thursday (15th) that CoreWeave's financial strength is continuously improving, and NVIDIA does not need to provide financial backstop support. Speaking at an event in Stockholm, he said CoreWeave's strength is growing day by day, its funding costs are declining, and he remains optimistic about the company's prospects.

　　Currently, the Hang Seng Index stands at 24,375, up 312 points or 1.3%, with main board turnover nearing HK$16.2 billion. The Hang Seng China Enterprises Index is at 8,199, up 96 points or 1.2%. The Hang Seng Tech Index is at 4,142, up 81 points or 2%.
 

Table showing performance of related stocks in the same sector

Stock (Code)	Current Price (HK$)	Change (%)
Zhipu (02513)	532.5	Up 3.7%
MiniMax (00100)	188.5	Up 5.01%
Alibaba (09988)	109.9	Up 3.29%
Baidu (09888)	80.65	Up 2.94%
Tencent (00700)	427.8	Up 2.39%
SenseTime (00020)	1.17	Up 2.63%

(nw)