Sora detonates the AI boom, how long can concept stocks soar?

Economic Observer reporter Cai Yuekun Sora, a Wensheng video tool launched by OpenAI, an American artificial intelligence research company, was born, shaking the technology circle at the same time, it also detonated the A-share artificial intelligence (AI) sector after the Spring Festival.

Wind data shows that after the Spring Festival, from February 19 to 22, the Sora index has risen by more than 19%. During the same period, the CSI 300 index rose by 3.62% and the Shanghai Composite Index rose by 2.35%.

Behind the surge of Sora concept stocks in the A-share market, it is closely related to the three blockbuster news thrown out by overseas AI-related companies during the Spring Festival. On February 16, OpenAI released its first Wensheng video model, Sora, on the 15th, Google released a new artificial intelligence model that can process 1 million token data, far exceeding other current basic models, and on the 14th, Nvidia launched a local AI chatbot ChatwithRTX.

On February 16, Zhou Hongyi, the founder of 360, posted on Weibo to mention his opinion on Sora: "Sora is just a small test, it shows not only the ability of video production, but the large model has an understanding and simulation of the real world, which will bring new results and breakthroughs." ”

Galaxy Securities believes that Sora is a milestone in the development process of artificial intelligence, indicating that artificial general intelligence (AGI) will accelerate and disruptive changes in thousands of industries in the future.

Concept stocks collectively soared

In the first week of the Spring Festival in the Year of the Dragon (February 19-22), the Sora concept and AI collective sectors rose sharply. The AI boom "lights up" A-shares.

According to OpenAI's official website, Sora is an artificial intelligence model that can generate high-definition smooth videos of up to 60 seconds with text commands, and its excellent performance in generating video length, coherence, and multi-camera switching is amazing. At the same time, Sora presents good multimodal capabilities, not only supporting text-to-video, but also having the ability to generate images and videos, as well as the ability to generate images.

OpenAI says that Sora is the foundation for future models that simulate the real world, and its simulation capabilities will be an important milestone in achieving AGI.

On February 19, the first trading day after the Spring Festival of A-shares, Sora concept stocks led the two markets after the Spring Festival holiday, with Wondershare Technology (300624.SZ) and Huichang Communication (300578. SZ), EclickWorld (301171. SZ), Danghong Technology (688039. SH) all appeared "20CM" daily limit. On February 20, Sora concept stocks continued to rise sharply, and Huichang Communication, EclickWorld, Danghong Technology, and Insai Group (300781. SZ) and other shares continue to rise and fall. On February 21, Sora concept stocks continued to lead the rise of A-shares.

On February 22, the Shanghai Composite Index achieved 7 consecutive positives, closing close to 3,000 points. The much-talked-about Sora concept rose by more than 40% in the first four trading days after the market opened in the Year of the Dragon.

As a leading stock in the concept, Insai Group rose by 7.5% on February 22 for three consecutive days from February 19 to February 21. The cumulative increase after the Spring Festival is more than 85%.

On February 20 and February 21, Insai Group held offline and online research conferences one after another, attracting a total of 141 institutions and a total of 155 institutional investors to participate, including E Fund, China Southern Asset Management, BlackRock and other leading institutions.

Regarding the launch of the Sora general video model, Insai Group pointed out that the In-sightGPT developed by the company is currently a multi-modal vertical model in the marketing industry, and it is not in direct competition with the underlying general model such as Sora, but the company can combine Sora and other general models to enrich its own video material library and improve the efficiency and quality of video generation.

More than 30 listed companies responded

During the week from February 18 to February 22, according to incomplete statistics, more than 30 listed companies replied to investors' questions about the hot issue of "Sora" on the interactive platform of the Shenzhen Stock Exchange.

On February 19, Insai Group said that the company's AIGC (generative artificial intelligence) project team will develop the Wensheng video function in March, and wait for the time to be put into public testing when the time is ripe.

Danghong Technology said that Wensheng video technology has made some progress, and it is still making breakthroughs in generating video duration and effects.

On February 22, iSoftStone (301236. SZ) said that the company pays close attention to the technological development in the field of AI, and continues to conduct research and exploration, and actively builds AI technology capabilities. In terms of large models, the company provides platform tools, professional talents and technical services for industry customers, co-creates customized private large models with customers, and promotes the rapid implementation of large model industry applications. In terms of large-scale model application, the company is positioned in the development of professional models and model application scenarios based on the base large-scale model.

Haikan Co., Ltd. (301262. SZ) said that AI technology can be widely used in business scenarios such as the creation, editing, and distribution of film and television content, helping to reduce costs and increase efficiency. The Sora Wensheng video model released by OpenAI has not yet opened the interface, and has not had a direct effect on the company's short drama business. The company will actively embrace the R&D and application of various AI technologies, and explore more application scenarios and business innovations.

Xuanya International (300612. SZ) said that the company actively pays attention to the application of artificial intelligence technology in the field of content production, including the technical development of Wensheng video and Tusheng video. The company's technical team is paying close attention to the opening progress of OpenAI's Wensheng video model Sora, and is working with RMDSLab Inc., a shareholding company, to jointly study AI video-related technology paths and application scenarios, and will develop and expand OrangeGPT's intelligent video generation, intelligent dubbing and other technical application capabilities. Related products and services are still in the early stages of development.

In addition, a number of listed companies responded that Sora-related products and applications are in the initial stage and need to be further studied, and will find breakthroughs in the implementation of Wensheng video technology and the application of Sora according to their own business characteristics. On February 19, the State-owned Assets Supervision and Administration Commission of the State Council held a special promotion meeting on artificial intelligence of central enterprises on "AI empowerment industry renewal". 10 central enterprises signed a proposal, stating that they will take the initiative to open up artificial intelligence application scenarios to the society. The promotion meeting will emphasize "strengthening demand traction, accelerating the empowerment of key industries, building a number of industrial multi-modal high-quality datasets, and creating a large model from infrastructure, algorithm tools, intelligent platforms to solutions to empower the industrial ecology." ”

Guohai Securities believes that high-quality data is the key "fuel" in the era of large models, and data quality directly affects the quality of large models. The success of Sora is the success of data, and Sora is a data-driven physics simulation engine. In the future ecological development of the domestic large-scale model industry, it is imperative to build an ecological system such as data algorithms, tools, and computing power.

According to data from Guoxin Securities, in the past two years, artificial intelligence has developed rapidly, and many companies have increased their investment in AI. PitchBook, a technology startup research organization, estimates that the global generative AI market will reach $42.6 billion in 2023 and $98.1 billion in 2026. With the advancement of technology, AIGC application scenarios continue to expand, which will promote the development of the entire AI industry, and the release of the Sora video model opens a new chapter in the field of Wensheng video.

Be wary of hot spots

While the AI sector is sought after by capital, there are also listed companies that are suspected of being hot spots and have been concerned by regulators.

On the evening of February 22, the multimodal AI+ computing power concept stock with a total market value of more than 5 billion yuan, Zhongke Jincai (002657. SZ) replied to the Shenzhen Stock Exchange's letter of concern, saying that the company's cooperation with Microsoft China is a non-exclusive cooperation, reminding investors to pay attention to investment risks. At present, the company's business related to Microsoft China does not have a significant impact on the company's short-term operating performance, and there is great uncertainty about whether it can develop rapidly and achieve expected revenue in the future. Due to uncertainties such as policies and market conditions, there is a risk that the Company will not be able to qualify for SoraAPI subscriptions.

On February 21, Zhongke Jincai released "Zhongke Jincai and Microsoft China Held a Business Cooperation Seminar on Sora" on the official WeChat public account. The article pointed out that Microsoft experts said that based on the friendly cooperation between the two sides, after OpenAI opens the commercialization capability of Sora to Azure, Zhongke Jincai will be the first to apply for and obtain the qualification of SoraAPI subscription. On the evening of the same day, the Shenzhen Stock Exchange quickly issued a letter of concern to Zhongke Jincai, requesting to explain the specific mode of cooperation between the company and Microsoft China, the relevance of the company's main business, the main business income and proportion of related businesses, net profit and proportion, etc.