Kan Gu: Don't blindly chase high on "Lobster Farming" concept stocks

Recently, OpenClaw has led AI agents, and the “Lobster Farming” concept stocks in the A-share market have remained active. On March 9, stocks like Shunwang Technology and Youkede even hit the 20% daily limit. In the face of new market hotspots, during the rapid rise of concept stocks driven by capital, ordinary investors need to stay rational, avoid blindly chasing high, and prevent investment losses caused by concept hype disconnected from fundamentals.

From the perspective of market operation rules, it is normal for emerging technology concepts to attract capital attention. However, during the process of concept popularity transmitting to stock prices, irrational rises that detach from the company’s actual operations and performance are prone to occur. This is also the biggest risk point to watch out for in concept stock speculation.

The “Lobster Farming” concept is still in its early development stage, with significant uncertainties in the commercialization, market promotion, and profit transformation of related technologies. Most companies’ connection to the concept remains at the stage of technology adaptation and business exploration, without stable income sources or profit contributions, making it impossible to provide solid performance support for the stock price. Currently, the stock price increase relies more on market sentiment and capital promotion rather than the intrinsic value of the listed companies.

Another major risk faced by ordinary investors is the difficulty in distinguishing true from false concepts. In the A-share market, some companies are only indirectly and weakly related but are still categorized by the market as hot concepts. Investors lack professional discernment, making it difficult to identify truly technologically prepared and conceptually aligned listed companies. Blindly buying in can easily lead to losses.

Especially in the early stages of concept hype, genuine and fake concept stocks are mixed, and capital speculation does not distinguish between good and bad. Once the market returns to rationality, stocks without substantial support will be the first to adjust, and chasing high will pose high investment risks for investors.

From an industry development perspective, applications related to AI agents still face multiple challenges, including technological improvement, safety standards, and market acceptance. The process from research and development to implementation and large-scale profitability takes a long time, with many variables such as technological iteration, policy regulation, and market competition. In the short term, it is difficult for these to translate into actual performance for listed companies. Concept stock speculation often overestimates future expectations, with stock price increases far exceeding the growth potential of the company’s value. Chasing high at such times is akin to taking high risks for uncertain returns, with very low profitability.

Looking back at the history of the A-share market, emerging concept hype is common. From past hot concepts, most show rapid rises and falls. After capital quickly pushes up stock prices, profit-taking causes prices to fall sharply, and small investors who chase the high often become the last to buy in. The core of concept speculation is capital game, not value investing. Ordinary investors lack advantages in information, capital, and professional judgment, making the chances of winning by blindly chasing high very low.

For ordinary investors, the most rational choice amid the “Lobster Farming” hype is to stay on the sidelines and avoid impulsive entry. If you genuinely believe in the long-term development of the AI agent industry, patiently wait for the market to cool down, thoroughly research the company’s main business, technological strength, financial condition, and performance growth, and choose companies with real core competitiveness and substantive business implementation. Invest within a reasonable valuation range rather than chasing high at elevated prices.

Beijing Business Daily Commentator Zhou Kejing