DeepSeek’s AI Model Drives Surge In Chinese Tech Stocks, Closing Gap With US ‘Magnificent Seven’ - Apple (NASDAQ:AAPL), Amazon.com (NASDAQ:AMZN)
- DeepSeek's AI model is driving a surge in Chinese tech stocks, prompting investors to reassess the nation's technology companies that trade at half of the valuation of the 'Magnificent Seven' US tech giants.
- The Hang Seng Tech Index rose more than 10 percent over the past two weeks, with major companies like Tencent, Alibaba, and Xiaomi contributing to this growth.
- Investors have shown increased interest in data service provider Merit Interactive, leading to a 20 percent surge since the reopening of China's onshore markets.
- Chinese technology stocks are now seen as appealing due to their valuation and innovation, despite ongoing US restrictions, according to some money managers.
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16 Articles
16 Articles
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Center
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Coverage Details
Total News Sources16
Leaning Left2Leaning Right1Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 25%
C 63%
13%
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