摩根大通发表的报告指出,月之暗面推出 Kimi K3 后,智谱(02513.HK) (下同)股价出现逾50%的修正。该行认为,K3增加了谁能持续维持中国前沿模型领先地位的不确定性,并将智谱AI的股票叙事由“不间断的国内模型领先”转变为“中国前沿AI 实验室之一”。因应市场竞争较预期激烈,该行将智谱AI的长期估值框架由2030年预测市盈率30倍下调至20倍。该行补充,智谱AI的ARR 预测基本保持...
Source Link摩根大通发表的报告指出,月之暗面推出 Kimi K3 后,智谱(02513.HK) (下同)股价出现逾50%的修正。该行认为,K3增加了谁能持续维持中国前沿模型领先地位的不确定性,并将智谱AI的股票叙事由“不间断的国内模型领先”转变为“中国前沿AI 实验室之一”。因应市场竞争较预期激烈,该行将智谱AI的长期估值框架由2030年预测市盈率30倍下调至20倍。该行补充,智谱AI的ARR 预测基本保持...
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.