Biren Technology rose 1.2% today, one of the few Hong Kong-listed stocks among domestic AI chips, with its main customers still on the domestic data center side; SoundHound AI fell 0.4%, the commercialization pace of the voice AI niche market has always been an issue, with restaurant and in-vehicle scenarios currently being the main landing points. One is waiting for domestic procurement cycles, the other is waiting for commercial scale on the overseas side. Which of these two approaches to entering the AI value chain will see performance realized faster? Which one are you more bullish on?
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