核心观点1、盈利驱动传媒板块上涨,估值较年初回落,AI赋能打开远期空间,业绩与估值或共振截至10月30日,年内传媒行业共演绎两轮上涨行情,我们认为4-9月第二轮近47%的上涨,主要系AI大模型迭代及应用逐步落地,游戏等子板块业绩释放,叠加关税担忧削减修复风险偏好。回顾各板块业绩,我们认为情绪消费刚需+新游供给释放或推动游戏高景气延续;《哪咤2》为代表的高口碑IP内容或成影视板块业绩驱动力;“AI...
Source Link核心观点1、盈利驱动传媒板块上涨,估值较年初回落,AI赋能打开远期空间,业绩与估值或共振截至10月30日,年内传媒行业共演绎两轮上涨行情,我们认为4-9月第二轮近47%的上涨,主要系AI大模型迭代及应用逐步落地,游戏等子板块业绩释放,叠加关税担忧削减修复风险偏好。回顾各板块业绩,我们认为情绪消费刚需+新游供给释放或推动游戏高景气延续;《哪咤2》为代表的高口碑IP内容或成影视板块业绩驱动力;“AI...
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