No Link Too Tenuous for Retail Traders in China AI Gold Rush [BNN Bloomberg (Canada)]
NVIDIA Corporation (NVDA)
Last nvidia corporation earnings: 2/13 04:20 pm
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Source: BNN Bloomberg
In recent weeks, these forums were buzzing about one thing: The likely winners as China builds out an alternative AI ecosystem. Since February, users have peppered listed companies on the Shanghai and Shenzhen exchange boards with over 11,000 AI-related queries, according to data complied by Bloomberg News. But this isn't just talk about obvious trades like suppliers to Huawei Technologies Co. Instead, the hunt is on for more obscure beneficiaries, who might be able to utilize AI advances in real world applications. Many of these seem a stretch. One trader asked whether Ningbo Peacebird Fashion Co., a woman's appeal distributor, is using AI in its fashion designs. Another whether Ceepower Co., which makes power distribution systems, is planning to launch charging stations designated for AI devices. How about Zhejiang Shapuaisi Pharmaceutical Co., an eye drop maker. Will its product help users better read the text generated by AI assistants? (Companies aren't obliged to reply t
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