Zhitong Finance App learned that AI application software stocks had the highest gains. As of press release, Minglue Technology-W (02718) rose 12.52% to HK$55; Maifushi (02556) rose 10.75% to HK$65.95; Reading Wen Group (00772) rose 8.76% to HK$21.86; Meitu (01357) rose 8.44% to HK$5.075; Huiliang Technology (01860) rose 6.55% to HK$10.25.
According to the news, overnight, the performance of the AI application sector of the US stock market exceeded expectations. Snowflake's second-quarter results exceeded expectations, and the stock price surged 16.6%. Samsara, Docusign, etc. also handed over reports exceeding expectations and raised their full-year guidance. The IGV Software Index rose 3.4%, rising 13% over the past month. The analysis points out that the AI application performance of US stocks exceeded expectations and was a direct catalyst for the recent continuous rise in the sector, and the commercialization logic of AI downstream applications has been verified.
It is worth noting that the Ministry of Industry and Information Technology recently deployed a special campaign to cultivate artificial intelligence application service providers, which is expected to accelerate the commercialization of AI in various fields. Open Source Securities believes that the financial reports of US stock AI application companies continue to verify that the big model empowers rather than replaces AI applications, and that leading companies and cloud vendors that provide vertical AI application services in the fields of office, marketing, e-commerce, entertainment, etc. are experiencing an acceleration in their business scale and improvement in operating efficiency and profit margins. Domestic overseas AI application companies are also expected to experience accelerated growth in performance enabled by AI.