Daily Investment Strategy
Daily focus：Kuaishou（1024）
In September, Kuaishou launched Kling 2.5 Turbo, a significant upgrade to its video generation technology. Kling 2.5 enhances its understanding of prompts, particularly in controlling the timing of video dynamics, character interactions, and scene transitions, ensuring smoother and more stable videos. It also improves video style consistency, faithfully reproducing the visual characteristics of the original image. In terms of technical performance, Kling 2.5 leads the global AI video generation field, ranking first in both image-to-video and text-to-video categories on the Artificial Analysis video generation model ranking list. This version also achieves breakthroughs in cost control, with the cost of generating a 5-second 1080p high-quality video being only 25 credits, nearly 30% less than the previous 2.1 version. These upgrades have built a powerful AI video production engine for Kuaishou, driving overall content efficiency.
AI Helps Propel the S&P 500 to a Record High
The S&P 500 rose 4 points to 6,715 on Thursday, hitting a new all-time high and extending its winning streak for the fifth consecutive trading day. The AI boom was the primary driver of the market. OpenAI's valuation soared to $500 billion following employee stock sales, surpassing SpaceX to become the world's most valuable startup. This news sparked a broad rally in tech stocks, with AI chip stocks such as Nvidia and Advanced Micro Devices reaching new highs. Despite the ongoing US federal government shutdown, investors continued to ignore political risks and poured money into the tech sector, demonstrating the market's firm belief in the long-term growth potential of AI. OpenAI's valuation breakthrough reflects the industry's huge expectations for the commercial application of generative AI. Tech giants are increasing their investments in AI data centers, which is expected to further drive demand for semiconductor supply chain orders. This structural trend is reshaping market capital flows.
Hong Kong Stock Connect was suspended due to a public holiday in China.
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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