格隆汇APP·2025-09-17 10:33Core Viewpoint - The Hong Kong technology stocks have experienced a significant surge, with the Hang Seng Technology Index rising by 4.22%, reaching its highest level since November 2021 [2] Group 1: Performance of Major Tech Stocks - Major tech stocks such as Baidu, JD.com, Alibaba, Meituan, and Tencent saw substantial increases, with Baidu leading at a rise of 15.72% [3] - Alibaba's market capitalization has returned to HKD 3 trillion, with its stock price hitting a four-year high and a cumulative increase of nearly 40% this month [9] - Baidu's stock surged over 15%, marking its largest increase since March 2023, driven by significant AI server orders from China Mobile [8] Group 2: Catalysts for Growth - The rise in technology stocks is attributed to several factors, including the announcement of AI server orders by Baidu and positive developments in Alibaba's business model and chip technology [8][9] - The AI industry is experiencing a boom, with domestic policies increasingly supporting AI, humanoid robots, and low-altitude economy sectors, leading to a shift from "internal competition" to "AI narrative" [29] Group 3: Market Trends and Future Outlook - The Hang Seng Technology Index has surpassed previous highs, with a cumulative rebound of over 30% this year [20] - The upcoming Federal Reserve interest rate decision is anticipated to influence market liquidity, which historically benefits Hong Kong stocks [22][23] - The technology sector is expected to continue attracting investment due to its growth potential and the easing of market pessimism regarding earnings [26][30]