See every side of every news story
Published loading...Updated

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.
Insights by Ground AI
Does this summary seem wrong?

16 Articles

All
Left
2
Center
5
Right
1
Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 63% of the sources are Center
63% Center
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Automobile News and Trends - You must read this ! broke the news in on Thursday, February 6, 2025.
Sources are mostly out of (0)