智通财经APP获悉，大华继显发布研究报告称，维持内地互联网股权重，其中吁“买入”阿里巴巴-SW(09988)、腾讯控股(00700)、金山软件(03888)。此外，该行维持金山软件“买入”评级，调升目标价至55港元，由于金山办公室软件商业化及对多个LLM开放生态系统，使公司效率更高及成本更低。
该行称，DeepSeek模型出现引发了人工智能产业重大变革，引起投资者关注及中国人工智能产业开发者广泛兴趣，由于降低部署大语言模型(LLM)技术及财务门槛，且越来越多全球超大规模企业及应用程式公司促进DeepSeek和Qwen模型部署，及扩大其可用性和采用性。
该行认为，阿里云成为主要受惠者，增长前景具韧性，亦将阿里云智能集团2026财年企业价值倍数由3倍上调至4倍，因为预计在其新推出的Qwen2.5-Max模型支持。腾讯云亦已准备好推出面向消费者的AI应用程式，预期人工智能运算将成为腾讯商业服务及云端收入增长主要动力。
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