年初至今,中国科技资产估值快速修复后回落。现象级模型DeepSeek显著改变全球投资人预期,Manus亦展示AI Agent的应用潜力,恒生科技指数年内最高上涨39%。估值快速修复后,关于中国AI崛起的叙事逐渐变成共识,投资人转而关注:上市公司盈利预期、CAPEX支出增长、基础模型新版本进度,以及AI应用能带来的效率提升等。全年看,我们仍然维持对中国科技资产的乐观态度:技术进步和应用落地可期,盈利...
Source LinkDisclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.