Z.ai Stock Falls 3.6% as GLM-5.3 Tests a HK$479 Billion Valuation Reset

Z.AI Co. closed 3.6% lower on Friday even as GLM-5.3 became an active U.S. search trend. Interest exceeded 1,000 searches and rose more than 200% within four hours. The divergence matters. Product attention is no longer enough to lift the shares automatically.

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