Hong Kong-listed AI 'twin leaders' see active trading! How to position in the AI sector for the Year

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2026 Spring Festival Investment Guide: Can Hong Kong and US stocks see another 'Spring Festival rally'? Two key sectors to watch: AI hardware technology and robotics.

As the Spring Festival holiday approaches, whether to hold stocks or cash remains a tough decision for many investors.

However, overseas markets remain 'open for business'! For investors, overseas information still requires close attention as it directly impacts our 'wallets.' Specifically, here are the trading arrangements for major markets during the Spring Festival:

A-share Market:Closed from February 16 (Monday) to February 23 (Monday), regular trading resumes on February 24 (Tuesday).

Hong Kong Stock Market:Closed from the afternoon of February 16 (Monday) to February 19 (Thursday), regular trading resumes on February 20 (Friday).

US Stock Market:Closed on February 16 (Monday) due to Presidents' Day, regular trading resumes on February 17 (Tuesday).

Notably, according to Niuniu's compilation, since 2018,The average probability of a rise in Hong Kong stocks during the Lunar New Year period is as high as 80%, while for US stocks and Chinese概念股 it is around 70%.

What should investors focus on during the Spring Festival holiday?

First, looking at the domestic market, the Spring Festival is a crucial battleground for domestic models,According to Information, DeepSeek is reportedly planning to launch its V4 model around mid-February, close to the Lunar New Year, though the exact timing is yet to be determined; ByteDance and Alibaba plan to release DouBao 2.0 and Tongyi Qianwen 3.5 models respectively before and after the Spring Festival.

Additionally, Tencent, Alibaba, ByteDance, and Baidu are intensifying their competition in the AI entrance race, sparking an 'AI Red Packet War.' The scale of marketing expenses invested by these companies has now exceeded 4.5 billion yuan, with Alibaba contributing 3 billion yuan.

In other words, the AI competition during the 2026 Spring Festival will be a comprehensive battle spanning from models to product levels. On the product front, Yuanbao, DouBao, and Qwen are leading the charge in the Spring Festival AI red packet war; while on the model side, no one wants to miss the next 'DeepSeek moment'.

Apart from AI, the robotics industry is also a key focus!Following Unitree Robotics' explosive attention-grabbing performance on the stage of the 2025 Spring Festival Gala, the 'benchmark effect' of this top-tier IP will fully manifest in 2026.

According to reports, Magic Atoms, Galaxy General, Unitree Technology, iFlytek, and Siasun Robot have confirmed their participation through official announcements or authoritative rehearsal information. Additionally, industry sources indicate that Ubtech Robotics may bring its Walker S2 humanoid robot to participate in interactive performances at the Beijing main venue, though specific details are still awaiting further official announcements.

In other words, whoever can seize the center stage (C-position) at the Spring Festival Gala will undoubtedly gain significant momentum in accessing the capital markets, government-enterprise clients, and high-end talent pools—this is the 'spillover effect' of the 'Spring Festival Gala robots'.

Secondly,Regarding overseas markets,Aside from the US stock market being closed on February 16 due to Presidents' Day, investors should pay attention to key data such as PCE figures during the Spring Festival holiday.

Moreover, the progress of Kevin Warsh's nomination as Federal Reserve Chair is also worth watching. All eleven Democratic members and one Republican member of the Senate Banking Committee have called for a postponement of the entire nomination process for Kevin Warsh until the ongoing criminal investigation into current Fed Chair Jerome Powell and other Fed governors concludes. Amid rising political uncertainty and internal divisions within the Federal Reserve, the path to US interest rate cuts has become more complex and challenging.

In addition,In terms of sectors, keep an eye on some of the new tools launched by Anthropic,This year, Anthropic has further released a series of specialized 'plugin' tools targeting vertical industries such as law, sales, finance, marketing, and customer support, putting additional pressure on software company stocks. Dean Ball, senior researcher at the Foundation for American Innovation, noted that the rapid adoption of Anthropic’s models is 'the most impactful event in the AI field since the launch of ChatGPT'.

In the space sector, attention should be paid to Elon Musk's movements,who has just completed a move capable of changing the landscape of the global capital market: merging xAI into SpaceX. Meanwhile, SpaceX also announced the postponement of its Mars mission originally planned for this year, shifting focus to a long-term commitment—a lunar landing mission for NASA.

What opportunities should investors pay attention to?

Overall, with the vigorous development of large-scale models both domestically and internationally, more 'certainty premium' will be brought to AI hardware companies. During the Spring Festival holiday, Hong Kong stocks markets are worth looking forward to, particularly companies in areas like AI and robotics.

The AI industry chain

PreviouslyThe Hang Seng Index challenges 28,000 points: Who is supporting new highs? These four key AI-related themes in Hong Kong stocks are worth keeping!As previously mentioned, as AI companies go public in droves, it could push Hong Kong stocks towards evolving into a 'hard tech financing hub.' Currently, the number of listed companies strongly correlated with artificial intelligence in Hong Kong exceeds 40, which can be divided into four 'AI battlefronts'—includingAI computing power industry chain、AI software end, including large AI models、AI hardware end, including smartphones, automobiles, and robots、Internet giants. Based on this, NiuNiu has compiled relevant concept stocks for investors' reference:

Specifically:

The first "front" is the AI computing power industry chain.At the beginning of the year, $BIREN TECH (06082.HK)$、 $ILUVATAR COREX (09903.HK)$successively listed on the Hong Kong Stock Exchange, filling the gap in core computing power in the Hong Kong market. Among them, Biren Technology focuses on high-end general-purpose GPUs and large-scale data center computing platforms, becoming a significant representative of domestic general-purpose GPUs in the 'cloud large computing power' direction. TianShu ZhiXin is the first company in China to achieve mass production of general-purpose GPUs.

Additionally,The leader in A-share storage chips, $GIGADEVICE (03986.HK)$going public in Hong Kong also caught up with this wave of enthusiasm, this company is a semiconductor enterprise focusing on chip design business, with products covering Flash, niche DRAM, MCU, analog chips, and sensor chips, applied in multiple terminal fields such as consumer electronics and industrial control.

In addition to these enterprises, there are also companies like $SMIC (00981.HK)$ the leading integrated circuit wafer foundry in the Hong Kong stock market. Additionally, Huahong Semiconductor and companies in the optical communication industry $CIG (06166.HK)$ 、 $YOFC (06869.HK)$ 、 $TIME INTERCON (01729.HK)$ 、 $FIT HON TENG (06088.HK)$ have all benefited from this wave of AI.

Among them, Changfei Fiber Optic Cables has surged more than 60% year-to-date. This company is a global leader in fiber optic preforms, fibers, cables, and integrated solutions providers. With rapid growth in data communication business and breakthroughs in hollow-core fiber technology, Changfei Fiber Optic Cables’ profitability is gradually recovering. Hollow-core fiber uses air as the transmission medium, providing two main advantages: lower latency and reduced loss, making it a key product for future AI data center interconnection. The company’s optical interconnect component businesses, such as MPO, AOC, and high-speed copper cables, developed through its subsidiary Changxin Bochuang, have benefited from the construction of North American AI data centers, and overseas business expansion is proceeding smoothly.

In addition, the Hong Kong stock market also includes $HORIZONROBOT-W (09660.HK)$ 、 $BLACK SESAME (02533.HK)$ 、 $OMNIVISION (00501.HK)$ and similar automotive and specialized chip companies, as well as $SICC (02631.HK)$ 、 $INNOSCIENCE (02577.HK)$ and other semiconductor packaging, testing, and materials companies. Additionally, there are firms focused on computing power infrastructure and communications such as $ZTE (00763.HK)$ 、 $GDS-SW (09698.HK)$ , among others.

The newly listed 'China’s largest manufacturer of PCB-specific production equipment' $HANS CNC (03200.HK)$ , and the global leader in memory interface chips$MONTAGE TECH (06809.HK)$ are also noteworthy.

Dahua CNC is a leading Chinese provider of solutions for PCB dedicated production equipment, primarily engaged in the R&D, manufacturing, and sales of such equipment.

Montage Technology is a globally leading fabless IC design company, focusing on high-performance interconnect chip solutions for cloud computing and artificial intelligence fields.

In addition, as the first AI de-hallucination stock $HAIZHI TECH GP (02706.HK)$as well as the global leader in heat shrink materials and high-speed copper cable supplier $WOER (09981.HK)$These two companies are equally worth looking forward to, as both are currently in the process of an IPO.

Further reading:

IPO Information | "Provider of heat-shrinkable materials and communication cable products"沃尔核材(Walnuc Materials) launches its IPO, with a planned listing on February 13th. The minimum subscription amount is HKD 4,058.53.

IPO Information | "Graph Computing and Graph Database Company" OceanTech launches its IPO, with the proposed listing date on February 13; the minimum subscription amount is HKD 5,656.48 per lot.

From the底层的晶圆制造 (bottom-level wafer manufacturing) to顶层的芯片设计 (top-level chip design), Hong Kong-listed stocks are accelerating the集结 (gathering) of core AI assets, and a globally competitive closed-loop算力产业链 (computing power industrial chain) has already taken shape.

The second 'frontline' includes the AI software end, which encompasses large AI models.

At the beginning of the year, major model companies $KNOWLEDGE ATLAS (02513.HK)$ 、 $MINIMAX-W (00100.HK)$ successively listed on the Hong Kong Stock Exchange, with their strong upward momentum drawing significant investor attention. Zhipu and MiniMax represent two typical paradigms of AI commercialization in China:

– Zhipu (ToB): Business revolves around institutional clients, adopting the Model-as-a-Service (MaaS) model, with two specific business models: one is helping clients locally customize exclusive AI models, and the other is assisting clients in building AI solutions in the cloud.

– MiniMax (ToC): Core focus is on C-end applications and traffic monetization.Its valuation logic emphasizes Monthly Active Users (MAU). Financial reports show that its native AI product has reached 1.77 million paying users, with approximately 2,500 enterprise institutional clients.

In addition to the much-anticipated new AI players, Hong Kong's software sector also has $MEITU (01357.HK)$、 $MOBVISTA (01860.HK)$ long-standing 'industry veterans' such as {terminology} anchoring the space.Unlike the money-burning model of general large models, these companies have leveraged their long-term accumulation in specific fields to precisely position themselves in vertical AI tracks (such as image design, advertising and marketing), taking the lead in running through the commercial closed loop from 'technology' to 'profit', and are now facing new opportunities for value reassessment.

The third 'frontline' includes AI hardware such as mobile phones, automobiles, and robots, which are also the main carriers for the large-scale implementation of AI technology.

In the Hong Kong stock market, there are consumer electronics companies including $XIAOMI-W (01810.HK)$ 、 $LENOVO GROUP (00992.HK)$ , and it has been reported that Transsion Holdings has submitted its prospectus to the Hong Kong Stock Exchange, planning to list on the Hong Kong Main Board.

In the automotive sector, there are companies such as $BYD COMPANY (01211.HK)$ 、 $XPENG-W (09868.HK)$ and other vehicle manufacturing enterprises. In the robotics field, companies like $UBTECH ROBOTICS (09880.HK)$ 、 $DOBOT (02432.HK)$ are notable.

The fourth 'frontline' is represented by major internet companies.

With the advent of the AI era, $BABA-W (09988.HK)$ 、 $TENCENT (00700.HK)$ 、 $KUAISHOU-W (01024.HK)$ major internet companies have accelerated their AI strategies, achieving breakthroughs in computing power, chips, large models, and applications. For example, Alibaba has clearly outlined its 'Cloud+AI+Chip' strategy; Pingtouge's Zhenwu PPU shipments have reached hundreds of thousands, surpassing Cambricon, making it a top-tier domestic GPU manufacturer. Kuaishou's video generation large model, Kelin AI, surpassed 12 million monthly active users (MAU) in January this year. By 2025, Kelin’s annual revenue is projected to reach $140 million, far exceeding Kuaishou’s initial target of $60 million set at the beginning of 2025.

robots.

Previously"Jensen Huang Defines New AI Wave! Physical AI May Herald a New Era—Could These Two Industries Be Poised for Takeoff?"A previous article outlined robot-related concept stocks in the Hong Kong and US stock markets.

Hong Kong stock market, Hong Kong stock market,Original equipment manufacturers (OEMs) are worth paying attention to. $UBTECH ROBOTICS (09880.HK)$ 、 $DOBOT (02432.HK)$ 、 $MEDBOT-B (02252.HK)$ 、 $HK ROBOTICS (00370.HK)$ 。

Ubtech Robotics is the first humanoid robotics company listed on the Hong Kong Stock Exchange, boasting full-stack humanoid robotics technology advantages and recently securing a new order for humanoid robots worth 250 million yuan.

Dobot Robotics is the world's first company to launch an embodied robot platform integrating 'robotic arms, humanoid, and hexapod' technologies.

MicroPort Robot is currently the world's only surgical robotics company covering five 'golden tracks': endoscopic, orthopedic, peripheral vascular, natural orifice, and percutaneous puncture procedures.

In addition,如$XIAOMI-W (01810.HK)$、 $XPENG-W (09868.HK)$、 $CATL (03750.HK)$、 $CATL (03750.HK)$、 $SHOUCHENG (00697.HK)$、 $SANY INT'L (00631.HK)$All have made cross-industry bets on robotics.

$XIAOMI-W (01810.HK)$ In 2022, Xiaomi released its first full-size humanoid biomimetic robot, CyberOne (Iron Giant). This year, Xiaomi has been progressively implementing the use of CyberOne (Iron Giant) in its manufacturing lines.

$XPENG-W (09868.HK)$ As early as 2020, the company entered the humanoid robotics market and launched its first humanoid robot, 'Iron,' in 2023. It officially entered the intelligent robotics field, benchmarking against Tesla’s 'Tesla Bot'.

According to reports, $CATL (03750.HK)$ Starting from late 2024, the company began increasing its investment in the robotics sector. It has since established a team of dozens of people in Shanghai, focusing on independent research and development of robot bodies, control systems, and human-robot interaction algorithms. The preliminary plan includes manufacturing robotic arms, AGVs, and other industrial robots for application in battery factories.

$MIDEA GROUP (00300.HK)$ Recently, Midea Group established a humanoid robotics innovation center to intensify efforts in R&D within related fields. In March this year, Midea Group unveiled its prototype humanoid robot for the first time. This robot is capable of performing multiple actions such as handshaking, offering water, making heart gestures, dancing, opening bottle caps, and tightening screws.

$SHOUCHENG (00697.HK)$ At the beginning of the year, it was announced that Beijing Shoucheng Robotics Technology Industry Co., Ltd. was officially established in Beijing, with the aim of creating a complete robotics industry ecosystem.In addition, through the Beijing Robotics Industry Development Investment Fund managed by its subsidiary, Shoucheng Holdings completed its initial investment in Unitree in 2024 and made a follow-up investment in July this year, further solidifying its position as a strategic shareholder.

$SANY INT'L (00631.HK)$ Sany Robotics Technology Co., Ltd., a subsidiary under Sany Group, emerged in response to the group’s comprehensive promotion of digital transformation in smart manufacturing. The company focuses on intelligent industrial robots, industrial automation, integrated application equipment for robotics, unmanned driving technologies, and the development and manufacturing of related software and hardware applications. It also manufactures industrial robots and special-purpose robots.

Suppliers covering the entire industrial chain/core components need attention. $SANHUA (02050.HK)$、 $HORIZONROBOT-W (09660.HK)$、 $HUA HONG SEMI (01347.HK)$、 $SMIC (00981.HK)$、 $SH ELECTRIC (02727.HK)$、 $JOHNSON ELEC H (00179.HK)$、 $TSUGAMI CHINA (01651.HK)$、 $JLMAG (06680.HK)$、 $COWELL (01415.HK)$、 $SUNNY OPTICAL (02382.HK)$、 $AAC TECH (02018.HK)$。

Perception technology and software include $ROBOSENSE (02498.HK)$、 $PHANCY (06682.HK)$。

Summary

For investors, choosing to "hold stocks over the holiday" may be an active strategy to embrace technological trends, but fluctuations in the overseas macro environment (such as Fed dynamics and PCE data) still require vigilance. As we approach this new year with a technological singularity on the horizon, I hope everyone can enjoy the reunion while staying alert to the pulse of global innovation, strategically position core assets, and prepare for a successful new investment year.Take the lead, and may your wealth flow abundantly!

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