股价下跌，第四范式澄清传闻

Core Viewpoint - The recent significant decline in the stock price of Fourth Paradigm is attributed to market concerns regarding the potential replacement of existing software business models by rapidly evolving AI large models [1] Group 1: Company Response - Fourth Paradigm's board clarified that the development of AI large models is accelerating, leading to a rapid increase in demand for computing power and related services, which benefits the company's main business [1] - As of the first nine months of 2025, 83.9% of Fourth Paradigm's revenue is derived from computing power-related income, with 16.1% coming from software services [1] Group 2: Market Data - Fourth Paradigm's stock price is currently at 40.32 HKD, with a total market capitalization of 20.933 billion HKD [1]