智通财经APP获悉，科网股今日集体走强，带动恒生科技指数盘中涨超3.5%。成份股方面，截至发稿，阿里巴巴-W(09988)涨6.31%，报109.5港元；百度集团-SW(09888)涨5.63%，报83.55港元；京东集团-SW(09618)涨3.63%，报148.3港元；腾讯(00700)涨3.2%，报457.6港元。
中信证券发布研报称，2025年4月3日，美国关税政策落地引发全球资本市场恐慌情绪，外部流动性冲击下，恒生科技出现短期大幅回调；后续关税博弈持续演绎，恒科亦迎来一定程度反弹。从外部环境来看，关税的不确定性可能对市场造成短期的流动性冲击，带来中长期配置机遇。
该行指出，展望2025年，预计中概互联网板块行情将围绕AI进展、宏观及流动性变化、竞争格局变化、股东回报等要素演绎。AI基座模型的能力、迭代速度，头部云厂商的云计算收入增速，AI应用的能力升级，将是投资人短期关注重点。依然看好中国AI发展的长期产业趋势，推荐在模型能力、应用场景具备绝对领先优势的头部互联网公司；在不确定性的外部环境下，竞争格局明晰，利润更具确定性的垂类龙头兼具成长与估值性价比优势。
Disclaimer: 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.