华尔街见闻·2025-12-05 09:39Core Insights - The article emphasizes the importance of strategic investment choices in the context of the emerging artificial intelligence (AI) era, suggesting that companies should pivot their investments towards AI leaders like Nvidia and Google [3][21][49]. Investment Strategy - The company has made a strategic decision to invest in AI, similar to what should have been done in 2004 with mobile internet investments [3][21]. - The article highlights that choosing the right investment opportunities is more crucial than sheer effort, citing that the Nasdaq index has increased 51 times over the past 35 years, while the Nikkei index has only risen 30% [5][26]. AI Market Perspective - There is a belief that the AI market is just beginning, countering the notion of an AI bubble [6][33]. - The competition in AI is expected to be fierce, with major companies like Amazon, Google, and Microsoft investing heavily in R&D, with figures around $125 billion, $90 billion, and $100 billion respectively [10][45]. Domestic Competitors - In the context of domestic companies, Alibaba and ByteDance are seen as the only potential competitors to Google in terms of AI capabilities, while Tencent is perceived to be lagging [12][46]. - The article notes that many domestic investors are increasingly adding Alibaba to their portfolios, reflecting a shift in focus towards AI-driven companies [13][46]. Future Outlook - The potential for AI agents to dominate the market is discussed, with predictions that companies like Google and Nvidia could reach market valuations of $10 trillion [13][48]. - The article concludes with a call to action for investors to seize the current opportunities in the AI revolution, emphasizing that this may be a last chance for older investors to capitalize on significant market changes [49][52].