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<Research>M Stanley: MINIMAX-W Releases M3 in Major Upgrade; Reiterates Overweight
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MINIMAX-W (00100.HK) launched its new flagship large language model (LLM), M3, marking a major upgrade since the M2 series, Morgan Stanley said in its report.

The broker considered the launch of M3 will help MINIMAX-W regain a leading position in Chinas frontier LLM market.

Related News JPM: MINIMAX-W (00100.HK) Launches New M3 Model as Strategic Transformation, Rates Overweight
The broker reiterated its Overweight rating on MINIMAX-W, with a TP of HKD1,100.
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