中新网1月5日电 1月5日，2026年首个交易日，A股三大股指集体上涨，沪指重返4000点上方。 | 行情 | 资金净流入 | 涨跌分布 | | --- | --- | --- | | 上证指数 | 深证成指 | 科创综指 | | 4023.42 | 13828.63 | 1695.84 | | +54.58 +1.38% +303.61 +2.24% +59.14 +3.61% | | | | 万得全A | 创业板指 | 北证50 | | 6537.94 | 3294.55 | 1466.42 | | +127.70 +1.99% +91.38 +2.85% +25.99 +1.80% | | | | 沪深300 | 中证500 | 中证A500 | | 4717.75 | 7651.20 | 5763.30 | | +87.81 +1.90% +185.62 +2.49% +120.48 +2.14% | | | | 中证1000 | 深证100 | 中证红利 | | 7753.88 | 5928.32 | 5525.12 | | +158.60 +2.09% +110.86 +1.91% +21.14 ...

机构表示，2025年AI应用的关键词是加速商业化。移动应用垂直性相对较强，用户需要在社交、电 商、支付、出行等不同场景下使用不同的应用。未来AI助手、通用型Agent的性能更强、功能更丰富， 有望聚合更多垂类应用平台，而每个用户可能只需要少数几个AI助手、通用型Agent就能满足所有线上 需求，互联网时代的流量入口格局有可能会被打破，抢占AI时代流量入口是保持或强化自身在AI时代 市场地位的关键一步。全球AI应用商业化有望呈现持续加速。 AI应用概念5日盘中强势上扬，截至发稿，当虹科技、熵基科技（301330）、蓝色光标（300058）20% 涨停，汤姆猫（300459）涨超16%，天下秀（600556）、引力传媒（603598）等亦涨停。 ...

域的NonaBanana。 【1月5日快手股价表现亮眼，盘中涨幅超13%】1月5日，快手(1024.HK)表现出色，盘中一度涨超 13%，报75.25港元，创3月以来最大升幅，截至目前成交额放大至81亿港元。 数据显示，快手人工智能 (AI)模型可灵(Kling)在海外市场大受。截至1月2日，其在韩国所有图形和设计类应用中排名第一，在美 国、土耳其、越南等市场位列前十。 去年12月，可灵下载量达50万次，收入达90万美元。分析认为， 受益于韩美下载量增长，快手海外收入增长强劲，可灵AI变现速度快于预期。 快手可灵AI去年底"连续 升级"，统一多模态O1 + 2.6音画同出 + 数字人2.0。12月初，全新产品"可灵O1"发布，是首个大一统多 模态创作工具，被部分人视为AI影片领域的NonaBanana。 本文由 AI算法生成，仅作参考，不涉投资建议，使用风险自担 本文由 Al 算法生成,仅作参考,不涉投资建议,使用风险自担 和讯财经 hexun.co 和而不同 迅达天下 扫码查看原文 ...

Core Viewpoint - The U.S. government's efforts to break up major tech giants are facing significant challenges, with recent antitrust cases against companies like Google and Meta encountering judicial resistance [2][3]. Group 1: Judicial Challenges - U.S. federal enforcement agencies have struggled to convince judges to order the divestiture of core business segments from tech giants, such as Google's Chrome browser and Meta's Instagram [2]. - Despite some landmark rulings recognizing illegal monopolistic practices, judges are often reluctant to impose the most severe remedies, such as forced breakups or annulments of mergers long after they have been completed [3]. - The ongoing antitrust cases against Apple and Amazon remain unresolved, raising questions about the government's approach to curbing the power of tech giants [3]. Group 2: Impact of AI and Market Dynamics - The rapid pace of technological change, particularly in AI, has created higher barriers for antitrust regulators, complicating their efforts to challenge large tech companies [5]. - In a notable ruling, a judge determined that Google's substantial investments in exclusive agreements maintained its illegal monopoly in the internet search market, but rejected the request to divest Chrome or Android, citing the threat posed by AI advancements [5]. - The judge's decision was influenced by the emergence of generative AI, which he noted could significantly impact Google's $200 billion annual revenue from search [5]. Group 3: Judicial Caution and Complexity - Courts exhibit caution regarding structural remedies for companies valued in the trillions, preferring to mandate behavioral corrections rather than enforce breakups [7]. - Judges emphasize the need for moderation in crafting remedies, referencing the complexities involved in reviewing intricate business arrangements [7]. - Concerns about the practicality of enforcing forced divestitures have been raised, with judges questioning the feasibility of such measures [7].

快手科技在生成式AI领域的商业化潜能正加速兑现。凭借旗下AI视频生成模型可灵（Kling）在海外市场的爆发式传播，叠加核心广告业务的技术 赋能，该公司正在重塑其增长逻辑。受此驱动，快手港股盘中强势拉升，涨幅一度超过12%。 受益于"Motion Control"玩法在韩国、俄罗斯等海外社交媒体上的广泛传播，以及会员促销活动的推动，可灵的日流水在2026年1月3日达到了2025 年12月中旬平均水平的2.5倍。 该模型于2025年12月3日推出的2.6版本，突破性地实现了"音画同出"功能，支持单次生成包含自然语言、动作音效及环境音的10秒视频。这一升 级不仅重构了AI视频创作流程，也显著提升了用户付费意愿。机构预计，可灵2025年收入将超过1.4亿美元，并在2026年依靠版本迭代及B端拓展 保持增长。 除了独立AI业务的突破，AI技术对快手主营业务的提效作用也日益显著。得益于OneRec及GFRL等模型在商业化场景的应用，快手不仅优化了广 告加载率（Ad Load），还有效提升了千次展示收益（eCPM）。这推动了用户参与度和广告收入的稳步增长，为公司的盈利前景提供了坚实支 撑。 可灵流水边际加速，海外市场成增长 ...

快手(1024.HK)今日盘中一度涨超13%报75.25港元，创下3月以来最大升幅，截至目前成交额放大至81亿 港元。 本文源自：金融界AI电报 ...

Core Viewpoint - Kuaishou (1024.HK) experienced a significant stock price increase, rising over 13% to HKD 75.25, marking its largest gain since March, with trading volume reaching HKD 8.1 billion [1] Group 1: Company Performance - Kuaishou's AI model, Keling, has gained popularity in overseas markets, particularly in South Korea, where it ranks first among graphic and design applications [1] - In the United States, Turkey, and Vietnam, Keling also ranks within the top ten applications in its category [1] - In December, Keling achieved 500,000 downloads and generated revenue of USD 900,000 [1] Group 2: Product Development - Kuaishou's Keling AI underwent a "continuous upgrade" at the end of last year, introducing a unified multi-modal tool, Keling O1, which integrates various input types into a single engine [1] - Keling O1 is positioned as the first comprehensive multi-modal creation tool, combining text, video, images, and subjects for all generation and editing tasks [1] - Some industry observers compare Keling O1 to Nona Banana in the AI video sector [1]

Core Viewpoint - The Hong Kong Large Cap 30 ETF (520560) is experiencing high activity, reflecting positive market sentiment towards Hong Kong stocks, with a notable inflow of 122 million yuan over the past 20 days, indicating a strategic "technology + dividend" investment approach [1][3] Group 1: ETF Performance and Strategy - The Hong Kong Large Cap 30 ETF has seen a peak increase of 2.72% and is currently up by 2.18%, recovering above the 20-day moving average [1] - The ETF's strategy combines high-growth technology stocks with stable dividend-paying stocks, making it an ideal long-term investment tool for the Hong Kong market [3][4] Group 2: Key Holdings and Market Sentiment - Notable stocks contributing to the ETF's performance include Kuaishou, which rose over 10%, and other significant players like Baidu, China Ping An, Alibaba, and Tencent, all showing positive movement [1][3] - The market sentiment is bolstered by the recent upgrades in technology sectors, such as Kuaishou's multi-modal upgrades and Alibaba's new product applications based on world models [3] Group 3: Institutional Investment - The National Integrated Circuit Industry Investment Fund has significantly increased its stake in SMIC, raising its holding from 4.79% to 9.25%, indicating strong institutional confidence in the semiconductor sector [3] Group 4: Market Outlook - Analysts from Huatai Securities suggest that the Hong Kong stock market is likely to see a positive start in 2026, driven by improved market sentiment and liquidity conditions compared to November [3] - The Hong Kong Large Cap 30 ETF is positioned to benefit from this favorable environment, with recommendations to maintain a balanced allocation between high-growth technology and stable dividend stocks [3]

Group 1 - The report highlights a positive outlook for the A-share market, anticipating a "spring opening red" driven by policy expectations, liquidity, and fundamental improvements, particularly in technology, non-bank financials, and consumer sectors [1][9] - The report identifies a new trend of price increases in certain sectors, indicating a recovery in demand alongside supply constraints, particularly in chemicals and new energy materials [10][11] - The report emphasizes the importance of AI and emerging technologies in driving growth, with recommendations for investments in sectors such as technology, non-bank financials, and cyclical stocks [11][12] Group 2 - Tencent Holdings is noted for solid revenue and profit growth, with an emphasis on AI ecosystem collaboration, projecting significant increases in revenue and net profit for the coming years [17][18] - Alibaba Group is recognized for its strong AI cloud business and a clear path to reducing losses in its instant retail segment, with adjusted revenue forecasts showing growth [21][22] - Cambricon Technologies is highlighted as a leading AI chip company, with substantial revenue growth and a positive outlook for future performance, supported by increasing demand for AI chips [29][30] Group 3 - The report discusses the electronic sector, particularly Longsys Technology's IPO, which is expected to enhance the competitiveness of domestic DRAM products and support the semiconductor supply chain [24][25] - The communication sector is benefiting from AI infrastructure investments, with strong performance expected from key players in light of increased capital expenditures [34][36] - The report notes the potential for new investment opportunities in satellite internet and quantum communication as these technologies mature [38]

来源：新浪基金 今日（1月5日）自带"科技+红利"哑铃策略的——香港大盘30ETF（520560）高位活跃，场内涨幅一度 上探2.72%，现涨2.18%，盘中收复20日均线。值得关注的是，该ETF近20日累计吸金1.22亿元，反映资 金看好港股后市表现，积极运用哑铃策略积极布局！ 相较于同样"两手抓"（一手抓科技，一手抓红利）的恒生指数而言，恒生中国（香港上市）30指数略偏 向于科技成长，这或是香港大盘30ETF标的指数近5年收益能够跑赢恒生指数的主要原因之一。 成份股方面，快手领涨超10%，百济神州涨近6%，华润置地涨逾5%，中国平安、泡泡玛特、阿里巴 巴、中国人寿、中芯国际、美团、腾讯等个股跟涨。 消息面上，旗下可灵"连环升级"，统一多模态O1+2.6音画同出+数字人2.0。此外，阿里巴巴旗下高德已 布局世界模型，并计划基于世界模型推出一项新的产品应用，且该模型将于近期开源 风险提示：香港大盘30ETF被动跟踪恒生中国（香港上市）30指数，该指数基日为2000.1.3，发布于 2003.1.20，指数成份股构成根据该指数编制规则适时调整。文中指数成份股仅作展示，个股描述不作为 任何形式的投资建议，也不代表 ...