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中文(ZH) 中信证券:展望2026年下半年,红利资产有望进入估值修复区间

CITIC Securities predicts dividend asset recovery; Google develops new AI chip

A recent report from CITIC Securities suggests that dividend assets may see a valuation recovery in the latter half of 2026, following a volatile first half impacted by geopolitical factors and tighter liquidity. The report also anticipates potential improvements for quantitative funds and greater adaptability for absolute return "fixed income+" funds in a diverging market. Meanwhile, Google is reportedly developing a new chip designed to significantly outperform its Tensor Processing Unit (TPU) in terms of energy efficiency, signaling a strategic move to enhance its AI hardware capabilities. AI

IMPACT Google's development of a more energy-efficient chip could accelerate AI model training and deployment, potentially lowering costs and increasing accessibility.

RANK_REASON The cluster contains financial analysis and a report on a potential new chip, neither of which constitutes a primary release or significant industry event.

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CITIC Securities predicts dividend asset recovery; Google develops new AI chip

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  1. 36氪 (36Kr) TIER_1 中文(ZH) ·

    CITIC Securities: Looking ahead to the second half of 2026, dividend assets are expected to enter a valuation repair range

    36氪获悉,中信证券研报称,2026年上半年受到地缘形势扰动、流动性收紧等多重因素冲击,大类资产呈现出显著的高分化、高波动特征。展望2026年下半年,红利资产有望进入估值修复区间;预计黄金短期震荡磨底而长期存在结构支撑;主动权益基金中的风格中性组合有望受益;量化基金超额收益或迎来改善;绝对收益型“固收+”基金在分化行情中的适应性更强;宏观配置策略受流动性扰动影响有望减弱;主观CTA策略预计更具优势。