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Changes in Hong Kong stocks | SaaS concept stocks are among the top three giants calling for AI to slow down and concerns about AI disrupting software continue to ease
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The Zhitong Finance App learned that SaaS concept stocks had the highest gains. As of press release, Kingdee International (00268) rose 4.72% to HK$7.875; China Software International (00354) rose 3.85% to HK$3.775; Jinshan Software (03888) rose 3.71% to HK$25.16; and Maxwell (02556) rose 2.87% to HK$53.7.

According to the news, Anthropic CEO Dario called on the world to slow down the iterative upgrading of artificial intelligence technology so that the ability to prevent risks can keep up with the pace of technological progress. OpenAI CEO Altman and SpaceX founder Musk all agreed. US software stocks rose overnight, and ServiceNow, Salesforce, etc. were at the top of the increase. The analysis shows that as the final pessimistic scenario surrounding AI-driven software disruption continues to ease, Salesforce and ServiceNow may increasingly attract longer-term GARP/value investors.

According to a research report published by Citigroup, more than half of the 11 Chinese IT service and software companies rated in the second quarter and first half of this year performed better or in line with expectations, and the industry showed clear differentiation. Citi said that AI revenue is gradually shifting from concept-driven to actual financial contributions, and the AI transformation of industry leaders has now begun to be realized. However, it was emphasized that the industry was clearly divided.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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