Recently, the equity market has fluctuated upward, driven by the continued fermentation of DeepSeek. Today, concept stocks such as DeepSeek, humanoid robots, and smart healthcare continue to rise. Hongde Fund said that the exponential reduction in costs brought about by DeepSeek will greatly accelerate the implementation process of AI applications. For application vendors, the big open source model is more accessible and easy to grasp, and it is easier to build their own vertical models and capabilities based on it. However, while paying close attention to DeepSeek bringing investors' enthusiasm to the domestic equity market, we also need to pay attention to the risk of short-term market overheating. Hongde Fund said that for a long time in the past, the allocation logic of foreign capital to China's equity assets was based on China's huge population, mainly in sectors such as liquor, pharmaceuticals, and consumer goods. However, after DeepSeek exploded, a new narrative logic may have begun to spread widely among foreign investors, that is, the Chinese economy is not just about consumption; the competitiveness of Chinese technology companies should be re-valued.

Recently, the equity market has fluctuated upward, driven by the continued fermentation of DeepSeek. Today, concept stocks such as DeepSeek, humanoid robots, and smart healthcare continue to rise. Hongde Fund said that the exponential reduction in costs brought about by DeepSeek will greatly accelerate the implementation process of AI applications. For application vendors, the big open source model is more accessible and easy to grasp, and it is easier to build their own vertical models and capabilities based on it. However, while paying close attention to DeepSeek bringing investors' enthusiasm to the domestic equity market, we also need to pay attention to the risk of short-term market overheating. Hongde Fund said that for a long time in the past, the allocation logic of foreign capital to China's equity assets was based on China's huge population, mainly in sectors such as liquor, pharmaceuticals, and consumer goods. However, after DeepSeek exploded, a new narrative logic may have begun to spread widely among foreign investors, that is, the Chinese economy is not just about consumption; the competitiveness of Chinese technology companies should be re-valued.