互联网:关注中国互联网软件板块估值提升的结构性机会

招银国际
Sep 19

展望来看,中国股票市场(A+H 市场)流动性趋势持续好转,中国AI 叙事逻辑也更加积极。复盘美国科技板块走势,前期半导体及云基础设施相关板块的业绩及估值弹性相对更高,而随着半导体板块估值充分反映投资者乐观预期,叠加AI 应用商业化逐步起量,AI 软件应用板块有望在中长期匹配硬件板块的涨幅。我们仍看好中美互联网及软件板块中长期的投资价值,建议关注云业务增长有望维持强劲驱动股价增长的阿里巴巴(BABA...

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