CITIC Securities: How far can the Chinese asset revaluation brought by Deepseek go?

CITIC Securities analyzes the impact of DeepSeek on the revaluation of Chinese technology assets, believing that although Chinese technology companies have performed outstandingly recently, they are still in the early stages of the AI era. The success of DeepSeek marks a breakthrough in independent innovation, and in the future, Chinese technology enterprises need to continue to work hard in technological innovation and application implementation. Historical experience shows that there will be fluctuations within the technology cycle, and valuation increases need to rely on performance verification. DeepSeek's rapid user growth demonstrates its potential in the global AI market, which may change investors' perceptions of Chinese technology assets