Core Insights - The development of AI technology has entered a new phase, shifting from "breakthrough innovation" to "incremental improvement" and "engineering implementation" [1] - The focus of discussions around AI has changed from "technological frenzy" to "application calm," emphasizing the need for sustainable business models that generate real orders and profits [1] - Future investment opportunities in the AI sector are likely to arise from companies that deeply integrate AI with specific industry scenarios to create genuine value [1] Industry Trends - The A-share market is undergoing a profound transformation, characterized by a trend of eliminating poor performers and embracing high-quality companies [1] - Investors are encouraged to adopt patience and a value-oriented approach to measure future returns, as the excitement around AI technology is transitioning to a focus on commercial realities [1] - The search for "super applications" and "water sellers" in the AI world represents a more pragmatic vision and wisdom for current investment strategies [1]
长盛基金杨衡：寻找AI世界“超级应用”和“卖水人”
Zhong Zheng Wang·2025-10-09 13:29