2026年互联网展望：2026年上半年热门主题与股票-Year-Ahead 2026_ Top themes and stocks for 1H‘26

Accessible version Internet/e-Commerce Year-Ahead 2026: Top themes and stocks for 1H'26 Industry Overview Dominant theme - AI We expect AI to be the dominant theme again in 2026, and we note Alphabet's 2H'25 stock performance improvement following the Gemini launch and TPU deals as an example of rapidly changing AI sentiment. We think "peak optimism" for AI might not occur until highly visible AI decacorns start going public. Top AI sector themes for 2026 are AI capex returns, Agentic AI adoption, Open Inte ...