00100 Should I Buy

The analyst rating is based on MINIMAX-W's significant improvements in model iteration speed and performance after entering the M2 series stage. The company's competitive strategy focuses on high cost-performance in global markets and specific vertical scenarios, which has created a unique position for survival and growth in the evolving large-model market. The brokerage is optimistic about the company's potential for revenue growth driven by AI application commercialization and a clear path to profitability, forecasting substantial revenue increases over the next few years.