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2026-09-21 12:57:24 Agentic AI is transitioning from experimentation into enterprise workflows and becoming a new-generation infrastructure layer, CLSA noted in a research report. Chinese AI models are briskly narrowing the performance gap and gaining global market share through cost efficiency. Meanwhile, enterprises are shifting from solely pursuing model capabilities to balancing performance, cost and deployment flexibility, while multi-model adoption was envisioned to become a future trend. CLSA projected the upsurge in AI applications to ignite the next global cloud supercycle. The global public cloud market was projected to double to USD2.3 trillion by 2028, creating annual revenue opportunities exceeding USD1 trillion. The broker was more optimistic on full-stack cloud and AI providers, as their combination of proprietary chips, models, cloud infrastructure, development tools and applications can create strong moats. It estimated sectors including software, video streaming, local services, recruitment and online travel to be relatively vulnerable. Its top picks were TENCENT (00700.HK) and BABA-W (09988.HK). The broker assigned a High Conviction Outperform rating to TENCENT and an Outperform rating to BABA-W. It was also upbeat on Z.AI (02513.HK), with an Outperform rating. ~ AASTOCKS Financial News Website: www.aastocks.com | |