Reported 1 day ago
A new AI app called DeepSeek, released by a startup in China, has overtaken ChatGPT as the most downloaded app in the US and prompted a significant re-evaluation of Chinese stocks, drawing global investor interest. Notable figures, including the CEO of Hong Kong Exchanges, suggest that DeepSeek's emergence may challenge the valuation of top US tech stocks, as analysts note a growing optimism for Chinese markets, highlighted by increased funds flowing into Hong Kong stocks and a turn towards a bull market for major Chinese tech companies.
Source: YAHOO