核心观点恒生科技板块正处于宏观流动性回暖与AI 技术周期共振的早期阶段,中期具备较高配置价值。分子端:当前恒生科技基本面情况如何?底层逻辑受益于新技术变革带来的应用端和内容端的爆发,当前处于AI 技术周期起点;中长期逻辑在于流量红利逐步消退背景下,存量市场用户数、用户时长的争夺,以及商业模型的运营和优化,其背后考验的是组织架构能力。当前流量红利消退后优质公司的股东回报能力表现亮眼;中短期重点跟踪...
Source Link核心观点恒生科技板块正处于宏观流动性回暖与AI 技术周期共振的早期阶段,中期具备较高配置价值。分子端:当前恒生科技基本面情况如何?底层逻辑受益于新技术变革带来的应用端和内容端的爆发,当前处于AI 技术周期起点;中长期逻辑在于流量红利逐步消退背景下,存量市场用户数、用户时长的争夺,以及商业模型的运营和优化,其背后考验的是组织架构能力。当前流量红利消退后优质公司的股东回报能力表现亮眼;中短期重点跟踪...
Source LinkDisclaimer: 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.