智通财经APP获悉，高盛发布研报称，展望即将公布的中国互联网大型股首季业绩(腾讯控股(00700)及阿里巴巴-W(09988)将于周三公布)，预期业绩将好坏参半。该行预测，主要特点包括：1)稳定的收入增长，其中云端收入增长将成为亮点; 2)因应代理型AI驱动的词元(Token)普及，令人工智能资本开支可能增加; 3)受惠于按市价计值，投资于AI模型公司的股价变动，将带来显著的会计准则(GAAP/IFRS)非现金投资收益; 4)互联网巨头转向AI，带来基本利润率压力，但被快速商务/外送业务单位经济效益或加快改善所部分抵销。
展望第二季及下半年，该行预期交易平台的盈利增长将重新加速，加上美国超大型企业的正面启示，将营造更有利的环境。高盛维持其子行业偏好，将“云计算及数据中心”列为首选(包括阿里、万国数据(GDS.US)、世纪互联(VNET.US)及金山云(KC.US) ); 其次为“电子商务与移动出行”，第三为“游戏与娱乐”。
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