Overview
- International money managers are increasing exposure to Chinese AI via tech giants and ETFs as they seek diversification from pricey U.S. names, with UBS calling China tech the most attractive in its latest outlook.
- New listings in Shanghai have surged, with MetaX jumping about 700% and Moore Threads climbing roughly 400% on debut, signaling intense domestic demand for local chipmakers.
- A wave of mainland and Hong Kong IPOs is building, including Shanghai Biren Technology’s roughly $623 million share sale planned for early 2026, which observers see as a test of overseas appetite for lesser-known players.
- Access to advanced hardware remains a constraint, as Washington has cleared some Nvidia accelerator sales but Beijing has not yet approved imports, and Nvidia has told clients it hopes to ship by mid-February, according to Reuters.
- Investor opinions diverge, with supporters citing rapid innovation and policy support while skeptics warn recent chip listings lack valuation support and look hype-driven.