DeepSeek's open-source week made a big announcement on the first day! It is expected to further catalyze the AI+ theme, and these Hong Kong stocks may become popular.

这个领域没有象牙塔，只有纯粹的车库创业精神与社区共筑的创新力量。——DeepSeek

DeepSeek于2025年2月24日正式启动“开源周”，计划连续5天每天开源一个项目，首个开源的代码库为Flash MLA，能够榨干显卡的潜力，提高速度，大大降低成本。

第一个项目FlashMLA，可以理解为专门为高性能显卡（Hopper GPU）设计的“AI加速工具”。它的核心功能是让AI模型（比如聊天机器人、文本生成工具）在处理长度不固定的数据时更高效。例如，当AI同时处理长句子和短句子时，FlashMLA能动态调整资源分配，避免浪费算力。

有网友指出，FlashMLA的计算速度已达行业平均水准的8倍，甚至超过了H800 1681GB/s的传输峰值。

This means,通过使用FlashMLA，可以在更少的Hopper GPU服务器的情况下部署完成相同的任务量，而无需昂贵的硬件升级，使推理成本大大下降。

On the first day of the open-source project, users on X were already eagerly imagining the impactful content of the 5th day, speculating, "Could it be AGI?"

The popularity of DeepSeek has not only disrupted AI costs but also reignited investor optimism for China's AI innovation, leading to an increase in the valuation of Chinese assets. DeepSeek's breakthrough is seen as proof of China's AI field's capability of "going from 1 to 100," prompting investors to reconsider the valuation gap between US and Chinese technology stocks and driving a revaluation of Chinese tech assets.

Since the beginning of the year, as the popularity of DeepSeek has fermented, $NASDAQ Golden Dragon China (.HXC.US)$ and $Hang Seng TECH Index (800700.HK)$ the increase has reached 18% and 29% respectively. In terms of sectors, including AI applications, telecommunications and equipment, and smart driving are highly sought after by capital, and behind this, a Deepseek+ industry chain is gradually emerging. So, which industries still have opportunities?

Futu News has compiled a list of some beneficiary stocks in the Hong Kong stock market for mooers to refer to:

including the following:

AI large models: $BABA-W (09988.HK)$ 、 $TENCENT (00700.HK)$ 、 $BIDU-SW (09888.HK)$ 、 $SENSETIME-W (00020.HK)$ ；

Morgan Stanley predicts that Alibaba's Cloud Computing Service revenue will double in three years, growing from 118 billion yuan in the fiscal year 2025 to 240 billion yuan in the fiscal year 2028. The firm stated that after the release of the DeepSeek model, the demand for Alibaba's Cloud Computing Service has significantly increased, with inference demand accounting for 60-70% of the incremental demand. AI-related product revenue has achieved triple-digit growth for six consecutive quarters. Today, Tencent's first AI-native APP Yuanbao surpassed Doubao, rising to second place in the free APP download ranking on Apple's platform in China. Goldman Sachs believes that the competitive landscape of China's Internet Industry is gradually diverging into two major camps: AI Infrastructure and AI Applications. Among them, Alibaba, with its strong Cloud Computing Service infrastructure, has become a key player in AI Infrastructure; while Tencent, with its strong ecosystem and user experience in C-end applications, has become the core beneficiary in the field of AI Applications.

Semiconductors include: $SMIC (00981.HK)$ 、 $HUA HONG GRACE (01347.HK)$ 、 $ASMPT (00522.HK)$ 、 $SHANGHAI FUDAN (01385.HK)$ ；

Core chip manufacturing companies such as Semiconductor Manufacturing International Corporation and HUA HONG SEMI are closely related to domestic computing infrastructure. If the domestic capital expenditure arms race for AI continues, the prosperity of the chip sector is expected to rise.

Data, Cloud Computing, Software including: $KINGSOFT CLOUD (03896.HK)$ 、 $GDS-SW (09698.HK)$、 $SUNEVISION (01686.HK)$ 、 $KINGDEE INT'L (00268.HK)$ 、 $CHINASOFT INT'L (00354.HK)$ 、 $KINGSOFT (03888.HK)$ 、 $WEIMOB INC (02013.HK)$ ；

UBS Group believes that investors may be overly focused on the absolute values of unit rents in Chinese IDC being lower than in other markets, while neglecting the cost advantages brought by the efficient execution of projects in China. With the increasing certainty of large-scale orders and the further stimulation of AI demand through emerging technologies like DeepSeek, the growth potential of Chinese IDC companies is expected to be further released. With potentially higher project ROI, the valuation of Chinese IDC will catch up with global peers.

Telecommunications and equipment include: $CHINA TELECOM (00728.HK)$ 、 $CHINA UNICOM (00762.HK)$ 、 $CHINA MOBILE (00941.HK)$ 、 $ZTE (00763.HK)$ 、 $YOFC (06869.HK)$ 、 $CHINA TOWER (00788.HK)$ ；

银河证券研报指出，三大电信运营商全面接入DeepSeek，因其更低算力成本配置，有望降低实现运营商算力投入产出的良性循环，协同运营商的通道优势，形成人工智能应用端的快速发展以及市场占有率的提升。华鑫证券指出，作为服务器连接以及在解耦合式交换机和路由器中用作互连，高速铜缆的销售不断增长。预计从2023年到2027年高速铜缆的年复合增长率为25%，到2027年，高速铜缆的出货量预计将达到20 million条。据悉，长飞光纤旗下的子公司长芯盛主营AEC、ACC、DAC、铜缆等。

CICC believes that the current wave of technological equity sparked by DeepSeek and the accelerated penetration of large models will continue to bring positive changes to both the supply and demand sides of the AI application track, remaining bullish on promoting the AI application sector.

Asia Vets driving and auto parts include: $BYD COMPANY (01211.HK)$ 、 $GEELY AUTO (00175.HK)$ 、 $DONGFENG GROUP (00489.HK)$ 、 $GAC GROUP (02238.HK)$ 、 $GWMOTOR (02333.HK)$ 、 $LEAPMOTOR (09863.HK)$ 、 $ROBOSENSE (02498.HK)$ 、 $BLACK SESAME (02533.HK)$ 、 $HORIZONROBOT-W (09660.HK)$ 、 $NEXTEER (01316.HK)$ 、 $MINTH GROUP (00425.HK)$ ；

China Galaxy stated that DeepSeek significantly improves training efficiency and reduces computing costs under limited hardware conditions, while achieving a substantial enhancement in model performance. In the application of intelligent driving, the demand for computing power on vehicles decreases, leading to a reduction in cloud-based model training costs and significant cost savings. Additionally, DeepSeek is an open-source model, lowering the technical threshold, which is beneficial for small and medium-sized manufacturers or those just starting to focus on intelligent driving.

Mobile phones and Electric Appliances include: $XIAOMI-W (01810.HK)$ 、 $BYD ELECTRONIC (00285.HK)$ 、 $AAC TECH (02018.HK)$ 、 $SUNNY OPTICAL (02382.HK)$ 、 $LENOVO GROUP (00992.HK)$ 、 $Q TECH (01478.HK)$ 。

Citi released a report stating that DeepSeek positively influences the Consumer Electronics supply chain, accelerating hardware specifications upgrades and the replacement of AI devices. It believes that the demand for image processing units (GPUs) is robust in the short term, while in the long term, the penetration rate of specialized application chips is expected to increase. The team is confident that DeepSeek will help accelerate the adoption of cost-effective and high-performance AI applications.

In addition, regarding the beneficiary stocks in the US stock market, a previous article from Futu News"Under the Impact of DeepSeek, Who Will Be the Winners? These US Stocks Are Expected to Enter a 'Golden Era'!"It also noted that DeepSeek's technological breakthroughs have lowered the overall cost of AI services, allowing more traditional industries to deploy AI solutions at a lower threshold.

Want to know more about the beneficiary stocks of DeepSeek? Make good use of the 'Investment Theme' feature, go to Futubull > US Stocks > Investment Themes >DeepSeek concept stocks, capture investment opportunities!

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