2月23日，港交所一开盘，腾讯和阿里的股价向上45度上涨，收盘价较上个交易日收盘分别上涨3.07%和3.47%，资本市场用真金白银为春节期间两大AI参与 方"投票"，也间接对过去一个月大模型密集落地做出回应。从除夕夜豆包扛住633亿tokens/分钟的流量洪峰、阿里云发布新模型，到春节期间月之暗面刷新 融资纪录、阿里"千问帮我"下单近2亿次，大厂与小厂共同上演了一场没有旁观者的高频次产品竞赛。 如今，聚光灯已从台前的具身智能，转向了幕后深入千家万户的大模型应用。台上是风景，台下是生活。曾经，活动不卡顿是春晚"秀肌肉"的底线，如今这 只是AI基建成熟的起点。当大模型真正"入户"，一场关于用户习惯与商业闭环的深层较量进入高潮。 | HK 09988 阿里巴巴-W 港币柜台 v | | | --- | --- | | 152.200港元 +5.100 +3.47% | | | ○ 已收盘 02-23 16:00:00 北京时间 | | | 今开 150.100 | 最高 | | 昨收 昨 147.100 | 最低 | | 4 = = 0 0 200/ | 上月/TTM) | 这场战役的焦点，已不再局限于春晚舞台上的 ...

Investment Rating - Industry rating: Recommended [3] Core Insights - During the Spring Festival of 2026, the global technology sector is characterized by AI-driven deepening, accelerated hard technology transformation, and a bipolar leadership between China and the US, with the practical application and commercialization of technology becoming the core theme [1] - The AI and large model fields have become the absolute core, with global capital and technology intensifying. OpenAI secured a financing round exceeding $100 billion, locking in computational power advantages, while Google is pushing large models deeper into research scenarios [1][6] - The humanoid robot industry is undergoing a critical transformation, with international leading companies completing the transition to fully electric drive, while Chinese companies are seizing opportunities in practical scenarios like "human-machine collaboration" [1][8] - The aerospace and low-altitude economy sectors are showing a trend towards scaling, with both US-China competition and China leading. SpaceX is consolidating its Starlink advantages through high reuse launches, while China's commercial space launch success rate remains at 100% [1][11] Summary by Sections AI - OpenAI finalized a new financing round exceeding $100 billion during the Spring Festival, marking the largest single financing in AI history, which will significantly impact the global AI industry's computational power landscape and competitive dynamics [6] - Google upgraded its flagship large model Gemini 3 Deep Think, enhancing its reasoning capabilities for scientific and engineering scenarios, achieving notable performance in various tests [7] Robotics - Boston Dynamics announced a complete switch of its Atlas humanoid robot to fully electric drive, marking a significant shift towards industrialization and scalability [8][9] - The industry consensus indicates that the core bottleneck for humanoid robots is not mobility or balance but the technology of dexterous hands, which remains a challenge [9] Commercial Aerospace - SpaceX completed its 600th Falcon 9 rocket launch, successfully deploying 24 upgraded Starlink V2 Mini satellites, further expanding the Starlink constellation and enhancing polar coverage and direct mobile communication capabilities [11][12] Semiconductor Storage - Samsung achieved mass production of the HBM4 chip, with a significant price increase of 20%-30% compared to the previous generation, highlighting the high demand for high-end storage chips driven by AI [10] Beneficiary Targets - AI Computing and Applications: Companies such as Cambricon, Industrial Fulian, and Inspur Information [2] - Robotics: Companies like Joyson Electronics and New Spring Co [2] - Large Models: Companies including Zhipu AI and iFLYTEK [2] - Semiconductor Storage: Companies like Zhaoyi Innovation and Changjiang Electronics [2] - Commercial Aerospace: Companies such as Western Materials and Reascend Technology [2]

| 恒生指数 | 恒生科技 | 恒生生物科技 | | --- | --- | --- | | 27081.91 | 5385.35 | 16195.61 | | +668.56 +2.53% | +173.85 +3.34% | +246.44 +1.55% | | 港股通消费 | 港股红利 | 港股现金流 | | 1726.92 | 2321.52 | 2597.06 | | +26.93 +1.58% | +25.10 +1.09% | +57.49 +2.26% | | 恒生综合指数 | 恒指期货 | 恒生科指期货 | | 4148.74 | 27076 | 5381 | | +97.21 +2.40% | +664 +2.51% | +172 +3.30% | 每经记者｜杜宇 每经编辑｜何小桃 宋思艰 记者|杜宇 编辑|何小桃 宋思艰 校对|魏文艺 2月23日，港股大涨。截至收盘，恒指涨2.53%，恒生科技指数涨3.34%。 港股主板1192只个股上涨，537只个股下跌。 AI应用概念股回调，智谱大跌近23%，市值蒸发736亿港元。另外，海致科技集团跌超21%，MINIMAX-WP跌超13%。 值得注 ...

智通财经APP获悉，2月23日，微信发布2026马年春节数据报告显示，"史上最长春节假期"点燃消费热潮。春节期间，旅行、生活娱乐微信支付笔数同比 均增长超20%。跨境游火爆，马来西亚、马尔代夫线下交易金额同比分别大涨131%和186%，马来西亚小程序春节期间交易金额同比增长超140%；海外入 境游客通过在微信绑定国际银行卡线下交易笔数维持高速增长，日均访问小程序的入境游用户环比增长超1倍。微信支付现已支持12个国家地区的29个境 外钱包，今年春节同比去年笔数增长超过 28%。 春节期间发送带封面红包超6亿次，超921万条和春节有关内容在视频号发布。广东在全国"最爱发红包"。 巷人网购年货正兴,新年过关饮茶又问诊 电商平台消费笔数 茶饮品牌 TOP 3 同比增长近430% & F F 6 港人私立/民营医院诊所 消费笔数同比增长117% 策马扬鞭,马不停蹄 春节期间微信运动用户总步数达 《 13,500,000,000,000 新能源车充电桩 提升 34% 小程序访问量同比 超长假期温薪时 旅游、生活娱乐双上涨 假长、年味浓!大家更爱为体验买单! 春节期间,旅行、生活娱乐交易笔数 涨幅均超20% 谁是今年最"燃 ...

美国部分关税"失效"引发全球股市反弹，2月23日港股跟随外盘大幅上涨，全天恒生指数上升2.53%，报 收27082点，成交1729亿港元；恒生科技指数在2月20日创出调整新低，23日则大幅反弹3.34%，报收 5385点，成交468亿港元。 业内人士表示，美国总统特朗普的关税政策频繁变动，伊朗等地缘政治因素也不确定，这些消息都将引 发港股短期内大幅波动；展望后市，上市公司陆续公布业绩，将会逐步主导港股一季度的走势，预计科 网股公布业绩后重启回购将会支撑市场行情。 业内人士表示，美国总统特朗普的关税政策频繁变动，伊朗等地缘政治因素也不确定，这些消息都将引 发港股短期内大幅波动；展望后市，上市公司陆续公布业绩，将会逐步主导港股一季度的走势，预计科 网股公布业绩后重启回购将会支撑市场行情。 博大资本国际行政总裁温天纳表示，美国最高法院裁定总统特朗普依据《国际紧急经济权力法》征收的 关税违法无效，这一事件是港股反弹的重要触发因素，被视为贸易摩擦缓和的信号，叠加资金回流以及 AI、机器人等主题延续，市场情绪快速修复。但特朗普新关税政策及潜在的退税诉讼仍存在不确定因 素，展望后市，上市公司业绩披露潮（2月底至4月）至关重 ...

Market Overview - The Hong Kong stock market has rebounded, with the Hang Seng Index closing at 27,081.91 points, up 2.53% or 668.56 points, and a total trading volume of 172.96 billion HKD [1] - The technology sector is experiencing increased scrutiny and differentiation, with domestic technology valuations remaining relatively low compared to the U.S. [1] Blue-Chip Performance - Zijin Mining (02899) saw a significant increase of 5.35%, closing at 44.95 HKD, contributing 22.03 points to the Hang Seng Index [2] - Other notable blue-chip stocks include Meituan-W (03690) up 5.26%, SMIC (00981) up 5.02%, while New Oriental Energy (02688) and Chow Tai Fook (01929) experienced slight declines [2] Sector Highlights - Large technology stocks showed a strong recovery, with Meituan-W rising over 5% and other major players like JD, Alibaba, Xiaomi, and Baidu increasing by over 3% [3] - The precious metals sector, particularly gold and copper, performed well, with Zijin Gold International (02099) rising 6.82% [5] - The AI sector is expected to see significant advancements, with Alibaba Cloud launching a new model at competitive pricing, indicating a potential shift in the global AI landscape by 2026 [4] Lithium and Battery Sector - The lithium and battery sectors are experiencing strong growth, with companies like Ruipu Lanjun (00666) increasing by 15.42% and CATL (03750) up 3.14% [7] - UBS has raised its price forecasts for lithium products, indicating a third super cycle for lithium prices and predicting a significant increase in China's market share in the global electric vehicle sector by 2030 [8] Optical Communication Sector - The optical communication sector is seeing notable gains, with companies like Yangtze Optical Fibre and Cable (06869) rising 14.43% due to strong production and demand for high-speed optical modules [6]

这家工作室成立于2021年，由曾参与打造《刺客信条》的创意总监 Ashraf Ismail 领衔。 当时的定位是做3A级、做开放世界、做跨平台，就是奔着"对标国际大厂"去的。 但五年过去了，这家工作室没有任何一款完整作品。 从公开信息来看，这支团队并非完全"无事可做"。 他们主要承接内部项目，做已有IP的衍生开发，比如参与过《宝可梦大集结》《使命召唤手游》等项 目。 最近腾讯在北美布局的一家3A工作室，悄悄关门了。 据外媒报道，腾讯旗下的天美蒙特利尔工作室已经停止运作。虽然官方没有正式公告，但不少员工已经 在领英上确认了这个消息，项目结束团队解散。 但问题在于这些都不是"自己的作品"。 对于一家主打3A研发的工作室来说，真正的目标应该是打造一个全新IP，做出一款能打的主机级大 作。 而这一步，始终没有完成。 有员工在领英上写道："其实大家早就知道会有这一天，但真正发生的时候还是很难接受。" 也有人说，这个团队很优秀，氛围很好，是一段值得珍惜的经历。 很多网友第一反应是："五年做不出一个游戏，这不就是混日子？" 但事情其实没那么简单，3A游戏，本来就是一个极端烧钱、极端耗时的行业。 一个成熟的3A项目，周期往往 ...

新京报贝壳财经讯（记者韦英姿） 2月23日，微信团队发布的2026春节数据报告《新春消费"马"力全 开》（下称：报告）显示，入境游在马年春节迎来集中爆发，海外入境游客通过在微信绑定国际银行卡 线下交易笔数维持高速增长，日均访问小程序的入境游用户环比增长超1倍。 2026年马年春节被称为"史上最长春节假期"。报告认为，得益于超长假期加持，马年春节消费持续走 高，微信支付旅行、生活娱乐交易笔数涨幅均超20%。 编辑 杨娟娟 校对 赵琳 其中，医疗美容相关消费交易金额同比增长翻倍，成为外卡游客消费增速最快的行业之一。目前，微信 支付已支持12个国家地区的29个境外钱包，今年春节交易笔数同比增长超过28%。 在出境游方面，带"马"字的目的地热度高涨。报告显示，马来西亚与马尔代夫线下交易消费金额同比分 别大涨131%和186%；马来西亚小程序春节期间交易金额同比增长超140%；春节假期，小程序在全球市 场交易金额同比增长超65%。 此外，受冬奥会驱动，意大利小程序春节期间交易金额同比增长超190%，在马年春节，意大利一跃成 为全球交易笔数同比增速"最快黑马"。 ...

Market Overview - The Hong Kong stock market experienced a significant rally on February 23, with the Hang Seng Index rising by 2.29%, the Hang Seng Tech Index increasing by 3.32%, and the Hang Seng China Enterprises Index up by 2.50% [1] - Major tech stocks saw substantial gains, including Meituan up by 6.93%, Alibaba up by 3.60%, Tencent up by 3.35%, and Baidu up by 3.02% [1] Sector Performance - Semiconductor stocks performed strongly, with Huahong Semiconductor rising by 4.83% and SMIC increasing by 4.51% [2] - The technology, internet, consumer electronics, and lithium battery sectors led the market rally [1] Gold and Precious Metals - Precious metals stocks also saw significant increases, with companies like Chifeng Jilong Gold Mining and Lingbao Gold experiencing gains of over 7% [3] - Gold prices rose by 1% to $5162.24 per ounce, while silver prices increased by 3.14% to $87.223 per ounce [4] AI Sector Performance - AI-related stocks faced declines, with Zhizhu falling by 23.72% and MINIMAX-WP dropping by 10.52% [6][7] - Zhizhu issued an apology regarding the GLM Coding Plan, acknowledging issues with transparency and user experience, and announced compensation measures for affected users [8]

黄金股大涨，潼关黄金涨超11%。由于美国最高法院限制了美国总统特朗普的关税权力，使得与美国谈 判的贸易协定前景充满不确定性，这令市场感到不安，黄金价格走高。与此同时，美伊核谈判前景正影 响原油市场。 2月23日港股三大指数集体上涨，截至午间收盘，港股恒生指数涨2.29%，报27019.21点，恒生科技指数 涨3.32%，报5384.52点，国企指数涨2.5%，报9183.9点，红筹指数涨1.49%，报4449.69点。 | 整体市场 [1] | | | | --- | --- | --- | | 恒生指数 | 恒生国企 | 恒生科技 | | 27019.21 | 9183.90 | 5384.52 | | +605.86 +2.29% +224.34 +2.50% +173.02 +3.32% | | | | 恒指期货 | 港股通50 | 恒生生物科技 | | 27008 | 4057.64 | 16217.85 | | +596 +2.26% | +89.67 +2.26% +268.68 +1.68% | | 盘面上，大型科技股集体大涨，阿里巴巴-W涨3.6%，腾讯控股涨3.35%，京东集团-SW涨4.2 ...