360 (601360.SH) Hot Stock Driver Analysis: Resonance of AI Security and Large Model Concepts

360 Security Technology Co., Ltd. (601360.SH, formerly Jiangnan Jiajie Elevator Co., Ltd.) mainly engages in internet and mobile security products and services, with core businesses covering internet advertising, game services and other fields [0]. In 2025, the company’s stock price has performed strongly, with an increase of approximately 46.36% from the beginning of the year to the present; the current stock price is about 14 yuan, and the 52-week price range is 6.57-15.24 yuan [0].
The recent rise in the company’s attention is mainly driven by AI security and large model concepts:

1. AI Large Model Layout
   : The self-developed 100-billion parameter cognitive large model “360 Zhinao” has ten core capabilities such as generative creation and multi-round dialogue; it is open to C-end users via the “360 Product Suite” and also launched an enterprise version, combining security large models with AI agent technology [0];
2. AI Security Strategy
   : The company combines its cybersecurity advantages with AI technology to form a differentiated competitive barrier [0];
3. Sector Heat Conduction
   : In November 2025, the AI application sector rose against the trend; developments of overseas AI giants (such as the release of Google Gemini 3, Nvidia’s cooperation with Anthropic) boosted domestic market sentiment [4][5], driving the performance of related concept stocks [0].

1. Dual Concept Resonance Advantage
   : The company has both cybersecurity and AI large model attributes; against the background of growing AI security demand, it forms a unique competitive advantage [0];
2. C-end and B-end Synergy
   : “360 Zhinao” quickly reaches users through C-end products, and the enterprise version targets B-end security needs, realizing two-way empowerment [0];
3. Overseas Event Linkage
   : Overseas AI industry developments have a significant impact on domestic sectors; attention should be paid to the transmission effect of international technological progress and policy changes on the company’s valuation [6].

• Competition in the AI industry intensifies, and the iteration speed of large model technology is fast; if the company’s product updates lag, its competitiveness may decline [0];
• Valuations in the AI sector are highly volatile, and changes in market sentiment may trigger short-term stock price adjustments [5].

• The demand for the AI security market continues to grow, and the company is expected to seize market share with its technical accumulation [0];
• The commercial potential of “360 Zhinao” remains to be released, such as the expansion of monetization channels like advertising and value-added services [0].

360 (601360.SH) has recently become a hot stock mainly due to the dual drivers of AI security and large model concepts, with strong stock price performance. The combination of the company’s AI technology layout and cybersecurity advantages is its core competitiveness, but risks brought by fluctuations in the AI industry need to be警惕. Investors should pay attention to the commercialization progress of the company’s AI products and industry competition, and rationally evaluate investment value.