Investors rotate to China’s chipmakers as DeepSeek intensifies AI competition
Chinese chipmakers rallied on Friday while artificial intelligence application firms retreated, as investors rotated into semiconductor stocks on expectations of stronger demand for computing power following a new model release by start-up DeepSeek.
Shares of Semiconductor Manufacturing International Corp rose 10 per cent by the close in Hong Kong, while Hua Hong Semiconductor surged 15 per cent, extending a broader rally among mainland chipmakers.
In contrast, several AI application developers...
- China's DeepSeek Unveils AI Model To Challenge Anthropic, OpenAI | The Pulse 4/24 Bloomberg —
- China's DeepSeek launches an update of its AI model Associated Press —
- DeepSeek releases next-gen AI model with ‘world-leading’ efficiency South China Morning Post —
- DeepSeek promises its new AI model has 'world-class' reasoning Engadget —
- China's DeepSeek rolls out a long-anticipated update of its AI model The Independent —