Guosen Securities: Valuations in China's AI internet industry continue to be attractive, preferred stocks include Alibaba, Zhipu, and Kuaishou.

CICC Securities released a research report stating that it maintains a recommended rating on the AI internet industry, with Alibaba, Zhipu, Kuaishou-W, and Joy as its top picks. The firm also suggests paying attention to undervalued companies such as Tencent and MiniMax, believing that both have higher potential for valuation recovery. The commercialization of artificial intelligence is accelerating, and the valuation of China's AI internet industry remains attractive. The firm pointed out that after the expected reset, the performance of the Hang Seng Tech Index from the second quarter to date is lagging behind the first quarter. Although the valuation of the Chinese internet sector is still at historical lows, the strong profit resilience shown in the first quarter of this year.