- JPMorgan released a report highlighting the unprecedented growth of China's AI infrastructure ecosystem, driven by local model advancements and increased cloud investments despite chip restrictions.
- The bank projects domestic AI computing power demand to record a CAGR of about 80% through 2030, with China potentially satisfying 80% of AI infrastructure demand using domestic chips by 2028.
- JPMorgan's top stock picks benefiting from this localization trend include ILUVATAR COREX, SMIC, and several other semiconductor and tech supply chain firms.
