On February 13th, multiple AI technology stocks are expected to perform well, and the logic of fund heavy holdings is gradually receiving fundamental support. Recently, several AI concept stocks released their 2024 performance reports, with SMIC’s revenue reaching 57.796 billion yuan, a significant increase year-on-year. The net profit attributable to the parent company of Xindong Lianke increased by 33.25% year-on-year, while the net profit attributable to the parent company of Oat Technology increased by 62.36% year-on-year. Most of these stocks are core holdings of numerous funds, which to some extent alleviates market concerns about the valuation and fundamentals of technology stocks. Several fund managers have recently stated that the AI industry is shifting from event driven thematic investments to performance driven fundamental investments, with a gradual differentiation at the individual stock level. In the future, bottom-up stock selection needs to place more emphasis on performance support and fundamental realization. (Securities Times)
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