复盘年初以来传媒板块行情走势:A 股传媒与港股互联网都体现出一定超额表现。具体来看,Q1 大爆品《哪咤》驱动影视院线表现突出,DeepSeek 推出带动以互联网为首的AI 资产价值重估;Q2 游戏板块在产品景气度与政策扶持的推动下跑出超额收益。以泡泡玛特为代表的高景气度衍生品资产表现突出。我们可以看到,H1 传媒互联网板块的超额表现绕不开子行业景气度与AI 赋能。游戏:建议关注板块内产品周期驱动的...
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