AI applications have seen accelerated growth this year, reaching a critical turning point. North American AI companies like AppLovin (APP, Financial) and Palantir are at the forefront of this trend. As of November 20, AppLovin's stock has surged by an impressive 727.33% year-to-date, with its market capitalization surpassing $100 billion.
Investors have shown increased interest in AI stocks, with institutions frequently researching these companies to better understand their operations and project developments. According to statistics, 34 AI application concept stocks with high research and development investments have been surveyed by institutions more than five times this year. Among these, four stocks—Zhongkong Technology, Yuanguang Software, Leyard, and Tom Cat—have been surveyed over 20 times.
Despite the interest, some of these high-frequency surveyed and high R&D stocks have seen significant pullbacks. Nine stocks, including Yidao Information, WPS Office, Star Ring Technology-U, Zhiyuan Interconnect, and Thunder Software Technology, have retreated more than 20% from their peak prices this year.
From a capital perspective, only three stocks have seen net institutional purchases exceeding one billion yuan since November: Worth Buying, Focus Technology, and Tom Cat.
