港股异动 | 科网股午后涨幅扩大 外卖竞争格局或被过度担忧 H20解禁有助消除资本开支不确定性

智通财经
Jul 23, 2025

智通财经APP获悉,科网股午后涨幅扩大,截至发稿,快手-W(01024)涨6.8%,报77.7港元;百度集团-SW(09888)涨5.8%,报93.05港元;腾讯(00700)涨4.28%,报548.5港元;美团-W(03690)涨3.26%,报133.2港元;阿里巴巴-W(09988)涨2.63%,报121.1港元。

消息面上,7月18日,根据央视新闻,市场监管总局约谈饿了么、美团京东三家平台企业,号召理性参与竞争。招商证券指出,竞争格局被过度担忧,预计未来电商行业及各公司利润额将稳中有升,看好电商估值系统性回升。华泰证券则表示,在景气修复和估值性价比的交集中,港股科技板块是占整个港股市场接近1/3的大容量板块,关注科技重估驱动的第三轮中国资产重估行情。

此外,7月14日,英伟达官网发布英伟达将恢复向中国销售H20芯片,并宣布推出全新完全合规的中国特供版GPU。国信证券指出,H20恢复供应解决了国内AI GPU短缺现状,显著降低硬件投入与实际使用之间的时间与试错成本,加速国内企业上云、利好云厂商下游需求增长,推动大模型与应用落地。开源证券也表示,当下国产互联网厂商Capex不确定性消除,有望重回上行通道。

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