The price gap between AI overseas chains and domestic chains is still widening
Western Securities pointed out that since early April, global technology stocks have been impacted by tariff policies, causing stock prices to drop to lows. As market sentiment improves, overseas AI-related companies have seen a strong rebound in stock prices, with NVIDIA, Microsoft, and others reaching historical highs. In contrast, domestic AI industry chain-related companies have failed to achieve a similar rebound, leading to a divergence in stock prices between overseas and domestic companies, forming a scissors gap
Western Securities:
Back in early April, due to the direct impact of tariff policies, global technology stocks faced collective pressure, and stock prices fell to a temporary low.
However, as market sentiment gradually improved and the industry fundamentals showed signs of recovery, overseas market AI computing power and application-related companies demonstrated strong rebound momentum. From chip manufacturers to cloud service providers, and various vertical AI application companies, most companies' stock prices have rebounded to previous highs, with industry leaders like NVIDIA and Microsoft even continuously breaking historical highs. This fully reflects the high recognition of overseas capital markets for the transformative impact of AI technology iterations on the industry.
In contrast, the AI industry chain-related targets focusing on the domestic market, whether it be foundational computing power chip companies, intermediate algorithm service providers, or application layer solution companies across various industries, have not experienced a similar strong rebound as seen in overseas markets. As a result, there has been a divergence in stock prices between overseas AI chains and domestic chains, forming a scissors gap.
