Chinese technology stocks rose on Thursday, after a large index reached its highest level in about four years, powered by the purchase of the shares of artificial intelligence businesses and an organizational ban on an ‘Invidia’ company, which strengthened the prospects for local competitors. The ‘Hanging Singh Technology’ index increased by about 2% on Thursday to continue with the increase to a 4.2% increase in the Wednesday session, when it was closed at the highest level since November 2021. This Ascension came after a decision issued by a Chinese organizational authority to stop the import of ‘RTX Pro 6000D’ (RTX PRO 6000D), in a move that was strong support for local chips manufacturers. Also read: Chinese technology stocks jump amid the revival of artificial intelligence, the “Simikikond Manovakchring International” chips (smic) dramatically to the rise of the technology index, after its shares jumped 8.3% in Hong Kong. The shares of “Hua Hong Semiductor” also rose 13%, as well as the shares of “Ali Baba Group Holding” and “Baidu”, which developed local alternatives to foreign slides. The problems of “Invidia” are benefits for Chinese enterprises, according to a “Bloomberg Intelligence” memorandum, the ban on “invitation” disc is a strong supporting wind for the prospects for the growth of the company “Simonkonduem Manovach International”, giving it the opportunity to overcome the market expectations. See also: FT: China recommends businesses to stop buying artificial intelligence chips at a viteia ‘parallel. Goldman Sachs Group, including Koning Lau, wrote in a memo that Chinese stock has attractive reviews with the possibility of increasing families demand, paving the way for the “slow rising market” phase.
Technology stocks jump into China thanks to artificial intelligence and the ban on “Invidia”
