金吾财讯 | 大型科网股走势向好，阿里巴巴(09988)涨5.21%，快手(01024)涨2.3%，京东集团(09618)涨1.64%，阿里健康(00241)涨1.69%，美团(03690)涨1.58%，哔哩哔哩(09626)涨1.18%。浙商证券发布研报称，AI应用，港股互联网先行，美联储降息落地、港股互联网传统业务或触底以及AI业务正迎快速发展三重因素共振。加之，板块估值尚处历史低位。看好港股互联网的战略配置机会。最关键的是，针对AI进展较快的互联网龙头，理解其估值空间，不能用修复逻辑，而应基于AI投资时代的成长逻辑重塑。建议关注大模型及垂类应用线索代表性公司。招银国际研究报告指出，根据市场轮动的经验，及中美两边的科技股发展趋势，中国互联网公司估值或仍有修复空间：中国互联网和软件板块目前交易在2025年22倍市盈率，相较海外互联网和软件板块(2025财年29倍市盈率)仍有较大折让。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，仍看好中美互联网及软件板块中长期的投资价值。
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.