Reported 4 days ago
Goldman Sachs has raised its target price for Chinese stocks, forecasting that artificial intelligence (AI) adoption could lead to significant earnings growth and $200 billion in inflows. The report comes after a strong rally in Chinese tech stocks, sparked by DeepSeek's AI advancements. Goldman adjusted its 12-month target for the CSI300 index to 4,700 and for the MSCI China index to 85.
Source: YAHOO