Kunpeng Project
Editorial Department of this journal |Liu Zenglu
The search engine Google released a multi-modal large model Gemini, which caused widespread heated discussions, which drove the AI concept stocks in the A-share market to continue to be active. The agency believes that with the rapid development of AI, the iteration cycle of large models will continue to accelerate, the demand for computing power will remain strong, and the prospects of the AI industry are worthy of continuous optimism. Combined with the positions of major shareholders of listed companies and the latest trends of institutions since the fourth quarter, major institutions and well-known investors have also participated in it, and they are still focusing on the research and layout of AI concept companies in the near future.
Multimodality has been hotly discussed in the market, and the concept of AI has exploded
Recently, the concept of AI has continued to be active, and in the direction of CPO (a new type of packaging technology), Tianfu Communication, Borche Technology, etc. have risen sharplyIn the field of AI multimodality, entropy-based technology, gravitational media, and voice shares also rose strongly.
On the news side, on November 29, Pika Labs, an American AI startup, released Pika 10；On December 7, Google released the multimodal large model Gemini, and Google DeepMind directly announced that Gemini is "Google's largest and strongest artificial intelligence model".
pika1.The launch of 0 is a major upgrade of AI** generated products, or greatly improve the production efficiency of AI**, and is expected to lead the AI boom after the official opening, and at the same time promote the development of IPs such as **, animation, film and television, etc., to greatly reduce costs and increase efficiency, and open up revenue increment space. As a multi-modal large model, Gemini can recognize and understand text, image, audio, and information at the same time, and the understanding of information is very accurate.
Open source analyst Fang Guangguang believes that pika 1The AI multimodal models represented by 0 and Gemini continue to make breakthroughs, or promote the application of large models in tools, education, office, e-commerce, marketing and other fields to accelerate the implementation and open up the space for commercialization. It is recommended to continue to lay out two directions of AI applications: one is the AI application fields that have launched products and started commercialization: tools, education, proofreading, marketing, etc.;The second is the IP development field of games, film and television that will benefit from AI multimodal models such as AI generation.
CITIC** believes that the official release of Google's multimodal Gemini model can broaden the expansion of application scenarios on the one hand, and on the other hand, it can bring about the continuous upgrading of computing power demand. We continue to be optimistic about the prospects of the follow-up AI industry, and the release of follow-up GPT-5 and other models will also bring more catalysts.
Ping An ** also said that the competition of artificial intelligence giants in the field of large models is still fierce, and in this context, it continues to be optimistic about the growth of AI computing power demand, and at the same time, the current fierce competition for multimodal AI will continue to improve the overall ability level of large models, which will help to continuously expand the application scenarios and boundaries of large models, and have a broad imagination space.
Zhao Jianping, Wang Xiaoan, and Ge Weidong all love AI concept stocks
Combined with the data of the third quarter report of this year, many AI concept stocks have long been favored by institutional investors, such as Zhongji Innolight, Tianfu Communication, and Xin Yisheng, which have more than 100 institutional products, and the number of institutional products that are heavy in Kunlun Wanwei and Zhongke Chuangda has also exceeded 50.
Taking Tianfu communication as an example, at the end of the third quarter, among the top ten shareholder camps, institutional investors accounted for 7 seats, Hong Kong **Settlement *** Shanghai Investment Morgan Emerging Power Hybrid **Investment**, National Social Security 104 Portfolio, UBS and other domestic and foreign investment institutions are among them, and institutional investors increased their holdings more than less, the National Social Security 104 Portfolio, Golden Eagle Reform Dividend Flexible Allocation Hybrid Investment**, UBS all appeared in the list of major shareholders of the company for the first time at the end of the third quarter with a new attitude, Hong Kong **Settlement*** TEDA Manulife Transformation Opportunity ** Type ** has further increased its holdings on the premise of having a heavy position (see attached chart).
And it is observed that among the major shareholders of AI concept companies, there are also many "super bulls". For example, among the top ten circulating shareholders of the company at the end of the third quarter, Zhao Jianping and Zhao Ji appeared at the same timeLooking further at the company's historical major shareholder positions, both of them completed the establishment of positions in the first quarter of 2022 when the company was just listed, and they have held positions for 7 quarters so far.
Xinhuanet got Wang Xiaoan's heavy holdingsSince the end of the second quarter of this year, it has appeared on the list of major shareholders of the company for the first time, and has held heavy positions in the company for two consecutive reporting periods.
Sugon, an AI computing company, is jointly owned by Ge Weidong and Ge Guilan, who acts in concertFrom the fourth quarter of 2018 to the second quarter of 2019, Ge Weidong had a heavy position in the company for three consecutive quarters, and in the third quarter of 2019, he withdrew from the top ten shareholders. At the end of the second quarter of 2023, Ge Weidong appeared again, with 1097The fifth largest shareholder of the company with 120,000 shares, Ge Guilan, who acted in concert with him, at the end of the second quarter of 2023, with 979The holding of 830,000 shares is the tenth largest shareholder of the company, and at the end of the third quarter of 2023, the number of shares held by the two has changed compared with the end of the second quarter.
In the fourth quarter, institutions focused on AI concept stocks
Since entering the fourth quarter, it has been observed that AI concept companies have continued to be highly concerned by a number of institutions, such as Zhongji Innolight, Tianfu Communication, Thunderda, Yijiahe, Runjian Co., Ltd., Yuanjie Technology, etc., which have been successively investigated by more than 100 institutions (see attached table).
For example, Zhongji Innolight, since the fourth quarter, has been investigated by more than 100 institutions, in the company's October institutional research list, public offerings such as GF, Huaxia, Harvest, etc., the head private equity freshwater spring, Xingshi investment, Ge Weidong's chaos investment, etc.
For the issues that institutions are concerned about, such as the boom of AI driving the upgrade and update of high modules, the head manufacturers have more advantages, and overseas customers have more advantages for the new 800G solutions, including silicon photonics, etc., the current acceptance and introduction of 1How is the introduction of 6T, etc. Zhongji InnoLight said that the company has continued to launch some high-end products, including silicon photonics, LPO, 16T and so on to meet the customized needs of different customers. For example, the company launched new products such as LPO and Coherent at the CIOE in September this year. At the same time, the company has also made good progress in the market introduction of 400G 800G silicon photonic modules, and has passed the certification of key customers and is ready to enter the mass production stage. In 1In terms of 6T, the company is developing in line with the needs of key customers, and is expected to enter the testing and verification stage in 2024, and start to increase volume in 2025, so as to meet the needs of key customers in terms of continuous improvement in computing power and bandwidth.
Runjian Co., Ltd., which has also been investigated by more than 100 institutions, is quite concerned about the development of the company's computing power business. In this regard, the company said that computing power services mainly include computing power leasing business and computing power management and maintenance services. In terms of computing power leasing service business, the first phase of Runjian Intelligent Computing Center will provide customers with about 2500p computing power leasing services, and will continue to invest in the future according to customer needs. After completion, it mainly provides AI large model training, inference computing power, graphics rendering computing power services, serves artificial intelligence large models, industry models, etc., and empowers thousands of industries. At the same time, the company also provides integrated management and maintenance services for the computing center, including computing power construction and computing power operation and maintenance, and is committed to improving the operation efficiency of the computing center, providing an intelligent operation and maintenance platform for the computing center, integrating the original dynamic environment monitoring system, network management system, and AI computing platform to create an integrated operation and maintenance management platform, which has a good replication effect.
(The ** mentioned in the article is for example analysis only, not as a recommendation for buying and selling.) ）