TENCENT(HK:00700) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-23 01:59Group 1 - The A-share market experienced a collective decline, with the AI concept stocks undergoing a pullback, particularly the Sci-Tech Innovation Board AI ETF (588930) which fell by 1.65% [1] - The Sci-Tech Innovation Board AI ETF closely tracks the Shanghai Stock Exchange Sci-Tech Innovation Board AI Index, which includes 30 large-cap companies involved in providing foundational resources, technology, and application support for AI [1] - IDC reported that global smart glasses market shipments are expected to reach 4.065 million units in the first half of 2025, representing a year-on-year growth of 64.2%, with projections indicating that shipments will exceed 40 million units by 2029, driven by innovation and expanding application scenarios [1] Group 2 - Guosen Securities noted that AI has significantly impacted the advertising business of internet giants, cloud computing scenarios, and corporate efficiency, with Tencent's advertising growth maintaining at 20% and Alibaba Cloud's growth accelerating to 26% [2] - Huatai Securities highlighted the rapid penetration of large model technology in vertical fields such as finance, healthcare, and education, with the commercialization process exceeding market expectations, suggesting investment opportunities in computing infrastructure and AI application software [2]