AI应用狂飙+反内卷，港股互联网ETF(513770)暴拉5.36%，资金溢价狂涌，GEO概念股迈富时猛涨32%！

Core Viewpoint - The Hong Kong stock market experienced a significant surge in AI-related stocks, particularly the Hong Kong Internet ETF (513770), which rose by 5.36%, indicating strong investor confidence in the market's resilience [1] Group 1: Market Performance - The Hong Kong Internet ETF (513770) saw a net inflow of 572 million yuan over the past five days, reflecting positive market sentiment [1] - Notable stock performances included Mai Fushi, which surged by 32.09%, and other companies like Lion Holding and Fourth Paradigm, which also posted substantial gains [2] Group 2: AI Application and Industry Trends - Major internet companies are leading the commercialization of AI applications, leveraging large user bases and advanced AI model technologies [3] - Alibaba's Qianwen App achieved over 40 million monthly active users within 30 days of its public beta, while Kuaishou's AI revenue increased by 102% compared to December 2025 [3] - The market is shifting focus from foundational model competition to practical commercialization, marking a pivotal moment in the industry [3][4] Group 3: Investment Opportunities - Two main investment themes are emerging: 1. Competition for consumer AI entry points and ecosystem benefits, highlighting the importance of AI marketing service providers [3] 2. Vertical application breakthroughs in B2B sectors, where companies with industry expertise and integrated AI solutions are expected to find structural opportunities [4] - The Hong Kong stock market features a range of technology giants with significant advantages in computational resources and application scenarios [4] Group 4: ETF and Index Information - The Hong Kong Internet ETF (513770) tracks the CSI Hong Kong Internet Index, with top holdings including Alibaba, Tencent, and Xiaomi, which collectively account for over 78% of the index [7] - The index has shown varied performance over the past five years, with a notable increase of 27.02% in 2025 [8]