1. MA corresponds to Mastercard, as a top global payment clearing giant, its payment network covers over 210 countries and regions worldwide, occupying a core position in the industry thanks to its strong network effects and brand barriers.
2. DIS corresponds to Disney, which owns top IP matrices such as Marvel, Pixar, and Star Wars, building a complete entertainment ecosystem from content creation, film distribution to theme parks, with IP barriers and brand influence that are difficult to replicate.
3. MSFT corresponds to Microsoft, a global leader in the software industry, dominating the desktop market with its Windows operating system and Office productivity software, while Azure cloud services and enterprise software have also formed strong technological and ecological barriers.
4. BABAon corresponds to Alibaba, a leading enterprise in China's e-commerce sector. The platform network effects of Taobao and Tmall are significant, and Cainiao Logistics and Alibaba Cloud have built a comprehensive service barrier tailored for e-commerce.
5. METAon corresponds to the Metaverse platform company Meta (formerly Facebook), whose subsidiaries Facebook, Instagram, and WhatsApp form the largest social network system globally. Additionally, its investment in VR/AR and AI large models has created a technological advantage.
6. BIDUon corresponds to Baidu, a leader in China's search engine industry, with deep technical and data accumulation in Chinese search. The Wenxin Yiyan large model has localized advantages in its application within Chinese contexts.
7. AAPLon corresponds to Apple, centered around hardware products like the iPhone and Mac, creating an integrated ecosystem of software and hardware. Its brand premium and user stickiness are at the top level in the consumer electronics sector.
8. NVDAon corresponds to NVIDIA, which holds an absolute monopoly in the GPU chip field. The CUDA software ecosystem locks in the core markets for AI training and inference, making it difficult for competitors to surpass its research and production capabilities.
9. TSLAon corresponds to Tesla, a benchmark enterprise in the new energy vehicle industry, leading in battery technology. Its supercharger network creates a barrier for energy replenishment, and the direct sales model enhances brand and user experience.
10. GOOGLon corresponds to Alphabet (Google), with its search engine and YouTube video platform boasting a massive user base and network effects. The Android system occupies a significant market share in mobile operating systems.
