The AI trade is back on, and Chinese stocks are looking attractive
The Philadelphia Stock Exchange Semiconductor Index rose nearly 3% on Thursday, marking its 16th straight positive session, with month-to-date gains of nearly 40%. Local fund managers are eyeing Chinese artificial intelligence players amid renewed optimism in the sector.
The Philadelphia Stock Exchange Semiconductor Index rose nearly 3% on Thursday, its 16th straight positive session, a streak not seen in over three decades. The index is heading for its biggest rise since 2000, with month-to-date gains of nearly 40%. Local fund managers are eyeing Chinese artificial intelligence players amid renewed optimism in the sector. Tech stocks rallied despite ongoing tensions stemming from the Iran war. The surge in tech stocks has made Chinese artificial intelligence players attractive to investors.
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