Noah Holdings CIO Says AI Capex Guidance May Not Lift Stocks

Noah Holdings (6686) released its second-half CIO report and discussed it with the media, according to Ming Pao. Noah CIO Office editor and Hong Kong ARK general manager Chan Kwan Choi said record capital expenditure guidance in the AI industry may not necessarily support share prices. He said the capital market will begin to actively price the infrastructure, resources and economic system that support AI development.