Reported 1 day ago
The emergence of Chinese AI startup DeepSeek is prompting investors to reassess the country's leading tech firms, which have struggled amid economic concerns. Increasing interest in AI has driven stocks like Alibaba to surge, as analysts believe DeepSeek's innovations could encourage broader adoption of AI and benefit cloud service providers. With the Hang Seng Tech Index entering a bull market, experts anticipate that upcoming earnings reports may further enthuse investors and help narrow the valuation gap with US counterparts.
Source: YAHOO