Introduction: The Catalyst for a New AI Era

In early 2025, the official release and open-source launch of DeepSeek-R1 quickly became a phenomenon in the artificial intelligence field. Its low cost, high performance, and open-source features have attracted global attention in a short time, driving the upgrade of the AI industry chain. Today, the integration of DeepSeek is rapidly impacting various industries, from search engines and finance to healthcare and education, with its deep integration transforming market dynamics. Meanwhile, capital markets have responded quickly to this trend, leading to a widespread rise in AI-related stocks, benefiting companies in chip manufacturing, cloud computing, and AI applications.

1. DeepSeek: Open-Source Low-Cost AI for Broader Adoption

The DeepSeek-R1 model's reasoning capability rivals that of OpenAI's o1, yet its API pricing is much lower than similar international products, significantly reducing the cost of AI applications. Additionally, DeepSeek's two-stage reinforcement learning optimization scheme reduces computational consumption during training, allowing AI models to maintain high-level reasoning performance even under low computational power conditions. This breakthrough means that many companies no longer need to invest heavily in expensive computing resources to build advanced AI applications.

Moreover, DeepSeek’s open-source strategy marks a sharp contrast to the "closed-source" models previously adopted by major AI companies. Open-source not only promotes rapid iteration of the model but also accelerates the widespread application of AI across industries, extending AI technology from tech companies to small and medium-sized enterprises and even individual developers, driving the process of "AI democratization."

2. DeepSeek’s Impact on Industry Landscape

• Search Market: Baidu and Tencent Lead the AI Search Revolution

Following the integration of DeepSeek into WeChat in early February, Baidu announced on February 16th that it would fully integrate DeepSeek and Wenxin's large model into its search engine. This indicates a shift in AI search from the traditional "keyword matching" model to an "intelligent Q&A + deep reasoning" model. Compared to traditional search engines, the integration of DeepSeek allows users to obtain more contextually relevant and precise answers while reducing redundant information interference.Capital markets responded swiftly, with Baidu's stock price rising sharply and Tencent’s stock briefly surpassing 500 Hong Kong dollars, hitting a three-year high. Institutions widely believe that the popularization of AI search will significantly enhance the monetization capabilities of search engines, including advertising, membership subscriptions, and enterprise-level API services, further boosting the profitability of tech giants.

• Financial Industry: New Opportunities in Smart Advisory and Risk Management

AI’s applications in the financial sector have matured, and DeepSeek's low cost and high reasoning ability make it a valuable tool in smart investment advisory, risk management, fraud detection, and other areas. For example, securities companies can use DeepSeek to optimize research report generation, market intelligence analysis, and improve customer service automation.As AI applications deepen within financial institutions, market interest in financial technology companies continues to rise. Companies such as Weimob and Meitu, which benefit from Tencent's AI ecosystem, have seen their stock prices increase significantly, while AI + finance stocks are experiencing new valuation increases.

• Healthcare Industry: AI-Assisted Diagnosis and the Formation of a Large-Scale Medical AI Ecosystem

Companies like YiduTech have integrated DeepSeek into their AI medical brain "YiduCore," advancing the application of large medical models in diagnosis, medical record analysis, and medical image recognition. The deep learning capabilities of AI models allow them to provide cost-effective intelligent diagnostic services in regions where primary healthcare resources are scarce, thereby improving the distribution of healthcare resources.Research institutions predict that the B2B and B2G AI healthcare market in China will reach nearly 20 billion RMB between 2025 and 2029, while the theoretical C-end market will exceed 70 billion RMB. With strong policy support and technological breakthroughs, the AI healthcare industry is poised for significant growth, and related concept stocks are entering the radar of institutional investors.

• Chip and Computing Market: Surge in Inference Computing Demand, Accelerating Domestic Substitution

The growth of AI applications inevitably leads to a rapid increase in the demand for computing power. DeepSeek’s optimization strategy for low-computational power requirements is expected to drive growth in the inference-side chip market. Companies like Black Sesame Intelligence have announced they have completed DeepSeek model adaptation and plan to release chips that are more suitable for AI inference.In light of restrictions on overseas chip exports, the widespread adoption of DeepSeek is also accelerating the development of the domestic computing power ecosystem. Companies such as Huawei’s Ascend, Huahong Semiconductor, and SMIC have seen continuous capital inflows, and the chip industry chain as a whole is strengthening. Domestic computing companies are expected to capture a larger market share in this wave of AI advancements.

3. Capital Markets’ Reaction to the DeepSeek Phenomenon

As DeepSeek rapidly gains adoption, market attention to AI-related stocks continues to rise.

Tencent Holdings (00700.HK): Stock price surpassed 500 HKD, hitting a three-year high, reflecting strong market recognition of Tencent's AI ecosystem.

Baidu Group (09888.HK): Stock price surged following the announcement of DeepSeek integration, with investors optimistic about the profitability boost from AI search services.

Weimob Group (02013.HK), Meitu (01357.HK): Benefiting from the AI ecosystem, stock prices increased by over 10%.

Black Sesame Intelligence (02533.HK), SMIC (00981.HK), Huahong Semiconductor (01347.HK): Chip industry chain driven by growing AI inference demand, attracting investment opportunities.

YiduTech (02158.HK): AI medical large model application in practice, with stock prices rising by 8.75%.

Institutions widely believe that the AI industry has transitioned from "model competition" to "ecosystem collaboration." The integration of DeepSeek by tech giants is not only a recognition of the model’s performance but also signifies that AI commercialization is accelerating.

4. Future Outlook: A New Phase in AI Competition

With companies like Tencent, Baidu, and Huawei accelerating their AI deployments, DeepSeek, as a catalyst for AI technology proliferation, is driving industries toward a smarter, more cost-effective, and more accessible future. In this trend, future investment opportunities will focus on the AI computing power industry chain, AI + industry applications, and edge AI devices.

From a capital market perspective, the AI industry is still in its early explosive phase. As DeepSeek’s ecosystem expands and its commercialization deepens, the valuation logic of related companies will shift from "technological potential" to "profitability." In the long term, DeepSeek's success will not only be a breakthrough for domestic AI models but could also become an essential driver of global AI paradigm transformation.

Conclusion: Investment Opportunities in the AI Wave

The rise of DeepSeek not only marks a breakthrough in AI technology but also ushers in an unprecedented opportunity for industry upgrades. As AI commercialization accelerates, the capital market will experience more transformations. Companies that can ride the AI wave are poised to emerge as leaders in the new technological revolution.