"Great sounds are silent, and great things are invisible." In the waves of the capital market, the most transformative forces are often brewing silently, and AI is undoubtedly one of the most dazzling waves. On March 6, the three major A-share indexes rose together, AI concept stocks broke out across the board, and the Hong Kong stock technology sector set off a round of gains. Behind all this, in addition to the popularity of DeepSeek, an AI product called Manus is sweeping the headlines of the technology circle, and the entire network is scrambling to ask for invitation codes.
The emergence of Manus is not only an upgrade in the field of technology, but also a deep game in the capital market. Goheal has a keen insight that this AI trend is reshaping the market landscape and may even become an important driving force for future mergers and acquisitions. What does the breakthrough of AI mean? Will the rise of DeepSeek and Manus give birth to a new wave of capital operations? Today, let us clear the fog of the capital market and reveal the investment logic behind AI mergers and acquisitions.
AI storm is coming, why is the capital market so "crazy"?
From ChatGPT igniting the global AI investment boom to DeepSeek and Manus being screened one after another, new breakthroughs in the field of AI are reshaping market expectations at an unprecedented speed. The capital market's response is undoubtedly the fastest. In the A-share market, AI computing power, AI applications, and robot concept stocks have hit the daily limit one after another, and the Hang Seng Technology Index has soared nearly 5%. This is not a short-term speculation, but the market's advance bet on the future-the evolution of AI technology is reshaping the production method and even affecting the flow of capital.
Goheal analyzed that the essence of this craze lies in the fact that the commercialization ability of AI is moving from "concept verification" to "implementation". If ChatGPT is a "language revolution", then the core breakthrough of Manus lies in "execution ability"-it can not only provide answers, but also plan and execute tasks autonomously. In other words, AI is no longer just a "thinking brain", but a "hand that can act". This means that as AI moves from assisting decision-making to directly creating value, the company's operating model, efficiency improvement path and even the entire industrial chain may usher in subversive changes.
The market's enthusiasm is not groundless. Historically, whenever a technology truly has the ability to subvert an industry, it will trigger a crazy influx of capital. Behind the Internet bubble in the 1990s was the popularization of the Internet; the mobile Internet craze in the 2010s gave rise to the explosion of social media, e-commerce and mobile payments. Today, AI is becoming the core engine of the "Fourth Industrial Revolution", and investors will naturally not miss this era-level opportunity.
AI and M&A: The engine of a new round of capital operation?
In this AI race, the flow of funds is often more telling than technological breakthroughs. From Microsoft's billions of dollars in investment in OpenAI, to Google and Meta's crazy increase in large models, to domestic technology giants' layout of AI ecology, the capital market has begun to accelerate the integration of the AI industry chain through mergers and acquisitions and strategic investments.
Goheal pointed out that the iteration speed of AI technology is extremely fast, and it is difficult to keep up with the development pace of the industry by relying solely on internal research and development. Therefore, acquisitions and integration in the capital market have become an inevitable trend. From historical experience, every outbreak of a technological revolution will be accompanied by a wave of mergers and acquisitions. For example, during the rise of smartphones, giants such as Apple and Samsung have improved their supply chains through a large number of mergers and acquisitions, and investments and acquisitions in the field of autonomous driving are endless.
The current trends in AI mergers and acquisitions can be roughly divided into the following categories:
1. Technology-based acquisitions: Technology companies directly acquire core technologies and shorten the R&D cycle by acquiring AI start-ups. For example, Nvidia acquired Arm with the intention of strengthening its layout in the field of AI chips.
2. Ecological acquisitions: In order to improve the commercialization path of AI, large technology companies will acquire AI application companies to form a complete industrial chain. For example, after Microsoft invested in OpenAI, it integrated GitHub and Azure AI to create a closed-loop ecosystem.
3. Capital arbitrage acquisitions: Some investment institutions will acquire AI companies when their valuations are low, and then exit to make profits when the market is hot. This model was widely adopted during the Internet bubble period and is now also evident in the AI field.
Goheal believes that the activity of the AI merger and acquisition market will continue to rise in the next 3-5 years. For investors, the key is to judge which companies have long-term competitiveness and which are just "concept hype."
The ultimate thinking of AI mergers and acquisitions: Who will have the last laugh under the wind?
The history of the capital market tells us that every technological revolution will bring a wave of wealth opportunities, but not all players can have the last laugh. Today, the explosion of AI products such as DeepSeek and Manus may only be the prelude to this AI wave. The more critical question is, how will the capital flow change in the future? Which companies can truly occupy the commanding heights of the industry?
Goheal believes that the investment logic of AI has shifted from "looking at technology" to "looking at implementation". AI companies that can truly generate value in the future must have three core elements:
1. Sustainable technical barriers: The competition in the AI industry is extremely fierce. Only companies that master core algorithms, computing power infrastructure or have strong data resources can survive in this competition.
2. Clear commercialization path: Investors are increasingly paying attention to the monetization ability of AI. Those companies that can quickly land and generate actual economic value are the targets that are truly worthy of attention.
3. The integration ability of the industrial ecology: AI companies that fight alone are difficult to survive for a long time. The winners in the future must be companies that can deeply integrate with the industry and form an ecological closed loop.
So, does the rise of DeepSeek and Manus mean that the AI market has ushered in a new wave of mergers and acquisitions? Which companies will become the next target of capital pursuit? Who will ultimately win in this AI revolution? Welcome to leave a message in the comment area to discuss the future trend of AI mergers and acquisitions!
[About Goheal] Goheal is a leading investment holding company focusing on global mergers and acquisitions, focusing on the three core business areas of acquisition of listed company control, mergers and acquisitions of listed companies and capital operations of listed companies. With its deep professional strength and rich experience, it provides enterprises with full life cycle services from mergers and acquisitions to restructuring and capital operations, aiming to maximize corporate value and achieve long-term benefit growth.
