JPMorgan has released a research report stating that the recent OpenClaw (Lobster) trend reflects a shift in artificial intelligence from conversational capabilities to execution capabilities. The bank believes this development is significant for equity markets, as it expands monetization layers beyond the AI agents themselves. Investors should focus on five key value layers, including cloud hosting and deployment, model and API provision, workflow entry points, security and compliance, and integration with enterprise software or vertical industry workflows. According to the report, the earliest and most direct beneficiaries are likely to be model and inference companies such as MINIMAX-WP (00100) and KNOWLEDGE ATLAS (02513), as well as cloud and deployment beneficiaries like Alibaba, Tencent Holdings, and Baidu. Over time, established players that can embed agent software usage within communication, search, productivity, and payment interfaces are also expected to benefit. A second wave of upside potential may come from security and enterprise software suppliers as deployment requirements become more controlled, auditable, and industry-specific.