Core Viewpoint - The recent surge in AI stocks is driven by strong earnings reports from tech giants Microsoft and Meta, indicating a significant shift in AI commercialization and its impact on revenue growth [1][2]. Group 1: Earnings Reports Impact - Microsoft and Meta's stock prices rose approximately 8.55% and 12.27% respectively after their earnings reports, reflecting a strong market response [1]. - Microsoft's Azure cloud service experienced a 39% growth, with AI contributing 10 percentage points, while Meta's advertising revenue grew by 21.5% due to AI-driven efficiency [2]. Group 2: AI Commercialization - The transition from AI as a "lab concept" to a "commercial reality" is a key factor driving revenue growth for major companies [2]. - The closed loop of "technological breakthrough → commercial monetization → revenue growth" is accelerating, reshaping valuation logic across the AI industry [3]. Group 3: Investment and Demand - Major investments in AI are evident, with Microsoft expected to exceed $120 billion in capital expenditures, indicating a strong demand for computing power, data, and algorithms [3]. - The financial success of Microsoft and Meta's AI initiatives is likely to encourage more companies to enter the AI competition, potentially leading to explosive growth in various applications [4]. Group 4: Challenges Ahead - For sustained growth in the AI industry, three key challenges must be addressed: the speed of technological iteration, the breadth of commercialization, and cost control capabilities [5]. - Current AI revenues are concentrated in a few sectors, and broader application across industries like manufacturing, healthcare, and education is crucial for future growth [5].