浦银安盛 2026 年 AI 投资展望：24 只港股标的入围关注清单

Core Insights - The investment outlook for 2026 indicates a shift in AI investment logic from speculative concepts to tangible industrial value realization, with investors focusing on revenue and profit generation potential [1] - The report highlights a differentiated path in AI development between China and the US, with China emphasizing a systematic and pragmatic approach to integrate AI into the manufacturing sector and enhance overall productivity [1][2] Investment Strategy - Investment strategies are evolving from betting on single technology hits to a comprehensive industry chain layout, covering computing power, foundational models, data services, and vertical applications [1] - The report identifies 24 Hong Kong-listed companies in the AI technology and application sectors that are expected to attract investment interest in the short term [3] Market Dynamics - The emergence of China's DeepSeek model signifies a shift in AI development, moving away from merely increasing computing power to optimizing algorithms for better outcomes, potentially accelerating AI progress [2] - China's advantages in talent accumulation, data acquisition, policy support, and commercialization are expected to position it for a leading role in global AI development [2] Company Highlights - Major tech companies have made significant investments in AI over the past two years, positioning themselves favorably in technology reserves and market segments, driving strong profit growth [3] - The application layer is witnessing a transition from passive tools to proactive AI agents, creating opportunities for explosive growth among application-layer companies [3] Investment Candidates - A list of 24 Hong Kong-listed companies related to AI technology and applications has been compiled, highlighting their market capitalization, average daily trading volume, and year-to-date performance [4]