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Chinese AI stocks surge after Goldman Sachs report
China issues guidelines to boost retail innovation, MiniMax shares plummet as lockup period expires
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Chinese AI stocks surge after Goldman Sachs report

Chinese AI stocks rally as Beijing commits $295 billion to data centers and index reshuffles drive billions in passive capital…

Foundation model startups, memory-chip makers and established internet giants are accelerating fundraising and IPO plans

Tech portfolios soar while legacy consumer and Hong Kong-heavy funds collapse

Global chipmakers reportedly plan July price hikes amid AI boom, while DeepSeek readies its new model rollout

Explosive demand for AI tokens has forced tech firms into a battle over pricing, computing power and the lucrative business market

The investment bank also raised its price targets on two Chinese companies that develop artificial intelligence models.