商汤-WAI 2.0领军,“1+X”聚焦生成式AI

华泰证券
27 Jan

首次覆盖商汤科技并给予买入评级,目标价2.10港币。AI2.0时代相比AI1.0时代的主要变化是大模型训练与应用,公司是唯一成功转型进入AI2.0时代的AI1.0四小龙公司,是纯正的AI大模型与应用公司。我们看好商汤凭借AI1.0时代服务众多客户的经验积累、AI2.0时代性能领先的大模型和大装置,充分受益于大模型应用的快速发展。“大装置+大模型”深度协同,“自有+代运营”拥抱智算浪潮商汤大装置构建...

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