AI 'Devouring' the Software Industry? Analysts: Market Overreacting, Prime Opportunity to Buy the Dip Has Arrived

①Morningstar analysts recently stated that concerns surrounding the software industry have been excessively magnified, and this wave of disorderly sell-offs presents an excellent opportunity to buy at a lower price; ②He specifically highlighted two stocks that have suffered significant declines in share prices, stating that they possess "substantial upside potential": Microsoft and the U.S. cloud software company ServiceNow.

cls.cn10:39

Kingsoft Cloud Reports No Share Capital Changes in January 2026 Hong Kong Filing

TipRanksFeb 5 19:46

Nomura Adjusts Kingsoft Cloud Holdings' Price Target to HK$8.50 From HK$9.20, Keeps at Buy

MT NewswiresFeb 5 17:43 · Ratings

Nomura maintains a 'Buy' rating for Kingsoft Cloud (03896.HK), expecting it to benefit from the growth in training and inference demand.

Nomura issued a research report stating that Kingsoft Cloud (03896.HK), as the sole artificial intelligence cloud infrastructure provider within Xiaomi-W's (01810.HK) ecosystem, is expected to continue benefiting from Xiaomi’s commitment to developing large language models (LLMs). The potential import of H200 chips may alleviate the company’s shortage issues anticipated in fiscal year 2026. Driven by robust and sustained demand for LLM training and increased inference needs due to applications such as intelligent agents consuming more tokens, Nomura believes China’s AI investment cycle is still accelerating this year. Accordingly, they have raised their forecasts for Kingsoft Cloud from 2025 to 2027.

AASTOCKSFeb 5 16:02

JPMorgan increases its stake in Lenovo as Wall Street's smart money targets China's hardcore assets.

Author Lin Yi. Over the past two years, in the world of technology and capital, glory has belonged to "those who sell shovels," such as NVIDIA's GPUs and Microsoft's cloud dominance. However, with the rise of high-performance models like DeepSeek and a sharp decline in inference costs, astute institutional investors have begun to sense a shift in the winds: AI is moving from the cloud to the edge, transitioning from expensive training to widespread inference. At this subtle turning point, JPMorgan made a meaningful move in the Hong Kong stock market. According to data disclosed by the Hong Kong Exchange, the global top-tier investment bank significantly increased its holdings in Lenovo at an average price of approximately HKD 9.02 per share at the end of January.

Gelonghui FinanceFeb 5 15:36

GLMS Securities: Continued validation of high growth in the AI upstream sector, with downstream application segments expected to accelerate expansion.

AI is entering a phase of application implementation, accelerating demand, and resonance with the prosperity of the industrial chain. The overall trend for the AI industry is highly promising.

Zhitong FinanceFeb 5 14:55