Shares of Chinese robotics firm Unitree have surged over 60% since October 15, pushing the company's market capitalization to ¥271.8 billion, or approximately $40.8 billion. This growth follows investor optimism regarding the integration of chatbot-style large language models into physical robotics.
During the World Physical AI Conference in Hangzhou on October 22, founder Wang Xingxing stated that large models could achieve a breakthrough in physical AI within one to three years. This event marked the company's first partner conference in ten years of operation.
The stock reached its 20% daily limit on Friday, closing at ¥624, or $93.55. On Monday, shares climbed an additional 7.69% to reach ¥672, or $100.75. Unitree debuted on the Shanghai Stock Exchange's STAR Market on August 19.
JPMorgan upgraded the company's rating to overweight and increased the price target to ¥995, or $149.17. The bank previously cited concerns regarding the company's software capabilities but revised its outlook after reviewing the humanoid lineup and consulting with executives.
Unitree currently markets its G1 humanoid model for approximately $16,000. While the company faces scrutiny from researchers over potential security flaws related to data streaming, its market valuation continues to rise as it competes with other industry players.
