AI Bubble Fears Lead Investors to Chinese Tech Stocks
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Investors are shifting focus to Chinese tech stocks due to high valuations in the U.S. market. With the S&P 500 and Nasdaq 100 trading at elevated P/E ratios, Chinese stocks offer lower valuations and similar potential. UBS finds Chinese tech attractive amid AI growth, while some analysts remain skeptical of China's AI position. The competitive landscape is evolving as China narrows the AI gap with the U.S.
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