AI应用板块强势 美图公司(01357)涨7.14% 机构指科技大厂的重金营销验证了AI应用市场的较大潜力

金吾财讯
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金吾财讯 | AI应用板块强势,美图公司(01357)涨7.14%,浪潮数字企业(00596)涨6.83%,汇量科技(01860)涨5.87%,智谱(02513)涨5.00%,MINIMAX-WP(00100)涨4.50%,范式智能(06682)涨4.19%,金蝶国际(00268)涨4.06%,网易-S(09999)涨4.06%。

开源证券认为,国产模型快速迭代,尤其是多模态、长文本和Agent能力的不断提升,或继续助力其Token量高增,推动围绕AI入口的广告/电商/社交,以及漫剧/短剧/游戏等方向AI商业化加速,建议继续围绕核心AI应用方向布局。

中银证券表示,综合来看,大模型产业正进入务实落地期。科技大厂的重金营销验证了AI应用市场的较大潜力,而中国模型在OpenRouter平台的用量领先则反映了本土应用生态的活跃度。尽管市场对AI替代人类存在过度担忧,但当前AI工具在复杂、非标准化、需人类专家经验的场景中能力仍有限,其核心价值在于“增强”而非“取代”。资本开支的理性化调整标志着行业进入精细化运营和商业化验证的新阶段。我们认为,未来大模型发展或将呈现“兵分两路”态势。一路是资金雄厚的互联网大厂,继续投入通用大模型研发,争夺技术制高点;另一路则是拥有细分行业数据壁垒与场景理解能力的企业,在开发行业纵向大模型与AI Agent方面更具优势,能够将大模型技术与自身业务深度结合,实现差异化竞争。

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