每經(jing)AI快訊，中信(xin)證券表示，美股主(zhu)(zhu)要(yao)(yao)互(hu)聯網(wang)(wang)公(gong)(gong)(gong)司(si)股價(jia)波動(dong)(dong)較大(da)，但我們認(ren)為此次回(hui)調亦帶來(lai)(lai)了建倉機遇(yu)。宏觀層(ceng)面，短期(qi)(qi)高頻數據以(yi)及大(da)型零(ling)售公(gong)(gong)(gong)司(si)的(de)(de)指引仍顯示美國中產消(xiao)費者較好的(de)(de)韌性，關(guan)稅預期(qi)(qi)并未明顯損害消(xiao)費需求，同(tong)時主(zhu)(zhu)要(yao)(yao)互(hu)聯網(wang)(wang)公(gong)(gong)(gong)司(si)亦能夠通過(guo)供(gong)(gong)應鏈管(guan)理、提供(gong)(gong)增值(zhi)服務等方式轉嫁相(xiang)關(guan)成本。中期(qi)(qi)維度(du)，AI仍處在商業化加速(su)周期(qi)(qi)，AI對推(tui)薦系統(tong)、云計算業務等的(de)(de)賦能以(yi)及降本增效(xiao)亦是(shi)帶動(dong)(dong)互(hu)聯網(wang)(wang)公(gong)(gong)(gong)司(si)中期(qi)(qi)增長的(de)(de)重要(yao)(yao)驅動(dong)(dong)力。估(gu)(gu)值(zhi)維度(du)，當(dang)前(qian)主(zhu)(zhu)要(yao)(yao)互(hu)聯網(wang)(wang)公(gong)(gong)(gong)司(si)的(de)(de)估(gu)(gu)值(zhi)已經(jing)回(hui)落至2023年初(chu)水平，而考慮到主(zhu)(zhu)要(yao)(yao)公(gong)(gong)(gong)司(si)較高的(de)(de)盈利質(zhi)量以(yi)及估(gu)(gu)值(zhi)性價(jia)比，我們持(chi)續看好未來(lai)(lai)6-12個月美股互(hu)聯網(wang)(wang)公(gong)(gong)(gong)司(si)的(de)(de)投資(zi)機遇(yu)。