PPC381CE01For the best choice slump, Ge Linbo, CEO of Chang Xin Technology, which is engaged in the digital upgrade of AI enabled enterprises, said in an interview with China Industry News that “the dislocation of technical capabilities and market expectations may be one of the reasons for the correction of stock prices.” Some analysts believe that Youbi has exaggerated the landing situation and commercialization prospects of its products, but in fact, there may be gaps in the technical maturity and practicality of the products. If the market recognises this, it may cast doubt on the long-term value of the company and cause the share price to fall.”
Zhu Lingyun, CEO of Lingyun Intelligence, also held a similar view in an interview with China Industry News, “The technology is not mature enough in commercialization, and some people have realized that the AI bubble will burst soon.”
Absent from “AI Spring Festival Gala”
As the Spring Festival Gala of the AI session, the World Artificial Intelligence Conference (WAIC) conference can be said to be concerned by the industry, starting from the first World Artificial Intelligence Conference, Youbi will appear at the conference every year, and even do new product technology exchange and sharing at the conference, even the true sense of the Spring Festival Gala (the Central Radio and Television Group Spring Festival Gala), Youbi has also made a high-profile appearance of its products, The market is very hot.
This year, however, an exception has been made. This year’s World Artificial Intelligence Conference was held in Shanghai from July 4 to July 6, the humanoid robot related products at the conference were particularly attractive, and a number of companies brought new products to debut, however, among them, there is no just landed in Hong Kong stocks soon, and will attend the best must choose figure over the years.
Perhaps due to this impact, on July 5, Youbeisheng fell 16.67% to close, the closing price oPPC381CE01f 136.4 Hong Kong dollars/share, in the following trading d f HK $47.543 billion.
Different from the absence of Youbi, this session of the World Artificial Intelligence Conference reached a new high, more than 500 companies confirmed the exhibition, the number of exhibits exceeded 1,500, 25 humanoid robots appeared, and various domestic large models showed off their skills. What is reflected behind this is the development boom of humanoid robots and even the entire AI industry. According to Frost & Sullivan data, in 2022, China’s intelligent service robots and their solutions market size reached 5.16 billion yuan, and this data is estimated to reach 18.32 billion yuan by 2028.
“The company’s failure to participate in the World AI Conference, an important event in the industry, may indicate that the company has insufficient influence or competitiveness in the industry, or that its products and technologies have not reached the industry-leading level, which may negatively impact the company’s brand image and market trust.” Greenberg thinks.
The decline in the past few days has also made many investors feel “panic” : some people complain PPC381CE01about “loss numbness” in the stock bar; Others regret that they did not throw it in time; There are also concerns about the burn rate of Youmust choose, that “the end of the year once the ban will be immediately issued.”
Perhaps, many people still remember that at the listing ceremony in December 2023, Youmust creatively let its self-developed humanoid robot play the gong on stage, which is also the first time in the history of the Hong Kong Stock Exchange. The robots with a sense of science and technology are accompanied by the sound of gongs, which shows the endless imaginative tension of the humanoid robot industry. This is also confirmed in the future, under the east wind of the era of large models, Xiaomi, Tesla, Nvidia, OpenAI and other leading domestic and foreign enterprises have self-developed or invested in humanoid robots, which shows that the advantage of Youbi is particularly valuable, and also makes the latter’s stock price rise rapidly after entering 2024. Intelligent robots are therefore hailed as the first take-off track in 2024. But few could have predicted that it would fall as fast as it rose.
