The investment bank also raised its price targets on two Chinese companies that develop artificial intelligence models.
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JPMorgan sees shares rising 69% from here.
Capital flows from eager mainland China-based investors are flowing into these artificial intelligence plays.
"As robotics in China is opening up new markets, there is no indication that robot demand in China will decrease," the…
Morgan Stanley believes shares of Hesai Group could rise 22% from here.
The bank upgraded the cloud software maker to overweight from equal weight.
China's artificial intelligence-related growth is giving corporate earnings a lift, according to UBS.
