Analysis-Global investors turn to Chinese AI as Wall Street fears bubble [Yahoo! Finance]
NVIDIA Corporation (NVDA)
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Source: Yahoo! Finance
intelligence companies, betting on the next DeepSeek and seeking to diversify, with concerns growing about a speculative bubble in the sector on Wall Street. Demand for China's AI companies is also being stimulated by ?Beijing's push for tech independence. China has fast-tracked blockbuster listings of chipmakers, notably Moore Threads, dubbed 'China's Nvidia ', and MetaX, which both debuted this month. Foreigners see China closing ?the tech gap with the U.S. as Beijing steps up support for AI chipmakers, spurring bets on Chinese companies just as worries grow over lofty valuations on U.S.-listed AI stocks. U.K.-based asset manager Ruffer, for example, said it has "deliberately limited ?exposure" to the Magnificent Seven - the U.S. tech giants - and is looking to add positions in Alibaba for a bigger exposure to China's AI theme. "While the U.S. remains the leader in frontier AI, China is rapidly narrowing the gap," said Gemma Cairns-Smith, Investment Specialist at Ruffer. "Th
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