China’s Cheap AI Is Shifting Investors’ Focus to Internet Stocks

China’s rapid progress in low-cost artificial intelligence is strengthening the investment case for the country’s internet giants after years in the shadow of chipmakers, market participants say.

By Sunny Bangia and Abhishek Vishnoi · Bloomberg Markets

China’s rapid progress in low-cost artificial intelligence is strengthening the investment case for the country’s internet giants after years in the shadow of chipmakers, market participants say.