{"id":35171,"topic":"ai","source":"搜狐网","title":"大模型迭代加速叠加业绩韧性回归，港股互联网板块估值修复逻辑持续强化 - 搜狐网","url":"https://m.sohu.com/a/1049631436_121157270?scm=10001.325_13-325_13.0.0-0-0-0-0.5_1334","url_hash":"823ddc1b676335d7f84ac582e589bf8f230475cb","author":"","summary":"<a href=\"https://news.google.com/rss/articles/CBMijAFBVV95cUxQZ21HaExBdjdScnBJRXZMWENzeG5sWjFMZjNHdllscUVFZFVTUVE3R1J2cThUR1lMT2dDX0JqVUZaWXY2X2xwdlNQbExJVDFUanR3Nk4tNlBlWHR3QmI5NGZuWVJ0aml1bjJGdjdBN29kME9VRU8tT0FOcWIzWGhYVVpwRlRmSlZ4bjI3OQ?oc=5\" target=\"_blank\">大模型迭代加速叠加业绩韧性回归，港股互联网板块估值修复逻辑持续强化</a>&nbsp;&nbsp;<font color=\"#6f6f6f\">搜狐网</font>","content":"大模型迭代加速叠加业绩韧性回归，港股互联网板块估值修复逻辑持续强化\n7月13日午后， 港股通互联网ETF易方达（513040）跌1.66%至0.946元，较开盘跌幅明显收窄； 中概互联网ETF易方达（513050）翻红涨0.46%至1.097元。上周港股互联网板块表现活跃，由平台龙头业绩韧性与AI云和模型映射共同驱动，市场主线从交易竞争压力和资本开支担忧，逐步转向关注核心业务韧性、云业务增长及AI商业化进展。当前板块估值仍处于历史相对低位，边际利好持续累积，资金重新关注互联网平台的长期价值。\n一、大模型迭代加速，AI能力升级与商业化落地同步推进\n腾讯发布混元3正式版，在较低参数量级下实现高性价比，腾讯Workbuddy等产品端先发优势协同混元模型能力提升，模型竞争由单纯比拼参数逐步转向能力、成本和产品落地的综合竞争。头部模型快速迭代保持领先，Coding和Working仍是当前最大应用场景，强化互联网平台的AI商业化预期。具备云基础设施、用户入口及丰富场景的互联网平台在AI竞争中更具优势，模型能力迭代、企业调用和国产替代仍是中期主线。","image_url":"https://q6.itc.cn/q_70/images03/20260713/d14b33a911634b2591fb5df99de9686c.jpeg","lang":"zh","published_at":"2026-07-13T06:07:00+00:00","fetched_at":"2026-07-13T07:15:08+00:00","status":"read","starred":0,"extract_state":"ok","summary_auto":"大模型迭代加速叠加业绩韧性回归，港股互联网板块估值修复逻辑持续强化\n7月13日午后， 港股通互联网ETF易方达（513040）跌1.66%至0.946元，较开盘跌幅明显收窄；…","cluster_id":null,"extract_retries":0,"extract_error":null,"contract_version":"news_item.v1","format_contract_version":"news_item_formats.v1","dedup_url":"https://m.sohu.com/a/1049631436_121157270?scm=10001.325_13-325_13.0.0-0-0-0-0.5_1334","quality_profile":{"profile_version":"extraction_quality.v2","bucket":"high","confidence":0.9,"failure_kind":"none","retryable":false,"retry_after_attempts":0,"reason":"High confidence: full text extraction produced 474 characters.","operator_guidance":{"severity":"ok","recommended_action":"trust_full_text","next_step":"Use the extracted full text as the primary article source.","operator_label":"Ready","can_retry":false,"can_use_summary":false,"diagnostics_required":false},"content_depth":{"contract_version":"content_depth.v1","category":"full_text","label":"Full text","has_full_text":true,"has_summary":true,"content_length":474,"summary_length":88,"usable_text_length":474,"source_field":"content"},"legacy_collapsed":false,"signals":{"extract_state":"ok","extract_error":null,"extract_retries":0,"content_length":474,"summary_length":88}},"news_item":{"id":35171,"canonical_url":"https://m.sohu.com/a/1049631436_121157270?scm=10001.325_13-325_13.0.0-0-0-0-0.5_1334","source_url":"https://m.sohu.com/a/1049631436_121157270?scm=10001.325_13-325_13.0.0-0-0-0-0.5_1334","title":"大模型迭代加速叠加业绩韧性回归，港股互联网板块估值修复逻辑持续强化 - 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