On the first trading day of the Year of the Horse, investors are flocking to pure AI concept stocks.

After the Spring Festival holiday, the Hong Kong stock market welcomed the first trading day of the Year of the Horse. Investors have been flocking into pure artificial intelligence concept stocks while pulling out of traditional internet giants. In the early trading session, the stock price of Zhipu soared by 25% and MINIMAX-WP also rose by about 16%, but then the gains narrowed. Since their listing on the Hong Kong stock market in January this year, the share prices of these two stocks have more than quadrupled. Meanwhile, the share prices of traditional tech giants Alibaba and Tencent Holdings have been declining, despite both companies announcing strong holiday performance. Some analysts pointed out that "funds are pouring into pure AI companies, while diversified platforms like Alibaba and Tencent are experiencing some profit-taking. The recent release of Chinese artificial intelligence models has reignited market interest in leading companies in the basic model sector."