Chinese internet stocks surge on DeepSeek's AI advancements, boosting competitiveness and investor sentiment

From Investing.com: 2025-01-26 23:10:46

Chinese internet giants Tencent, Alibaba, and Baidu saw significant gains on speculation about AI startup DeepSeek’s advancements. DeepSeek’s DeepSeek-R1 model rivaling OpenAI’s ChatGPT impressed with less advanced chips, despite U.S. export restrictions. Investors foresee enhanced AI capabilities for companies like Tencent and Alibaba, potentially boosting their global competitiveness. Shares of Tencent, Alibaba, and Baidu surged, reflecting positive investor sentiment towards China’s AI progress.



Read more at Investing.com: Chinese internet stocks gain as DeepSeek shakes up AI market By Investing.com