---
title: "Noah Holdings CIO Says AI Capex Guidance May Not Lift Stocks"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293602653.md"
description: "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."
datetime: "2026-07-23T10:52:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293602653.md)
  - [en](https://longbridge.com/en/news/293602653.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293602653.md)
---

# 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.

### Related Stocks

- [NOAH.US](https://longbridge.com/en/quote/NOAH.US.md)
- [06686.HK](https://longbridge.com/en/quote/06686.HK.md)

## Related News & Research

- [How Hong Kong infrastructure, AI firms are tapping Malaysia’s growth prospects](https://longbridge.com/en/news/296165689.md)
- [51WORLD forms JV with Union Image for embodied AI data infrastructure](https://longbridge.com/en/news/296337114.md)
- [CRCL: Stablecoins and Arc infrastructure are driving global payments innovation and regulatory adoption](https://longbridge.com/en/news/296377931.md)
- [ROI-Three midweek thoughts — dodging AI, uber bulls and intervention flub: Mike Dolan](https://longbridge.com/en/news/296308398.md)
- [MRX: Record revenue and profit growth driven by infrastructure-led, recurring earnings and strong risk management](https://longbridge.com/en/news/296372054.md)