Lates News

Goldman Sachs released a report pointing out that 2026 is a key strategic turning point year for China's internet giants, as investment in AI for the consumer (To-C) sector will gradually increase. The competition to build AI super portals will become more intense, and the major giants will also be more coordinated in defending their core leading positions. Goldman Sachs predicts that in 2026, some large and mid-cap stocks are expected to generate excess returns, and recommends three major investment themes: earnings realization/growth per share, the narrative shift brought by AI and globalization, and shareholder returns. The bank also updated its quarterly sector preferences ranking, putting cloud computing and data centers, gaming and entertainment, and AI models as the top three. Among the giant stocks, Pinduoduo (PDD.O) is highlighted as a key recommended stock due to its discounted valuation, strong value proposition, and robust Temu growth.