瑞银：中国股票策略-多维度剖析 DeepSeek 的影响

ab 12 February 2025 Global Research China Equity Strategy A multi-faceted look at DeepSeek's implications More to go on the DeepSeek rally? The launch of DeepSeek's R1 model has put AI development in China back on investors' radar. Our tracking of AI related China-listed stocks (summarised in Figure 1) shows that since the start of the year the stocks are up 15% and have outperformed MSCI China by 9%. Fundamentally AI contributes a limited proportion of most companies' revenue and we think the fierce compet ...