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China AI Stocks’ 1000%-Plus Profit Gain May Fail to Revive Rally

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China AI Stocks’ 1000%-Plus Profit Gain May Fail to Revive Rally China’s artificial intelligence companies are poised to deliver robust earnings, but elevated expectations after a months-long rally are raising the bar for tech stocks to climb further. A number of companies along the chip supply chain have flagged profit surges easily topping 1,000% in their preliminary reports, but stock moves have been mixed. This suggest investors have already priced in exponential earnings growth.

China AI Stocks’ 1000%-Plus Profit Gain May Fail to Revive Rally China’s artificial intelligence companies are poised to deliver robust earnings, but elevated expectations after a months-long rally are raising the bar for tech stocks to climb further. A number of companies along the chip supply chain have flagged profit surges easily topping 1,000% in their preliminary reports, but stock moves have been mixed. This suggest investors have already priced in exponential earnings growth.
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Originally published by Bloomberg Markets Read original →