From Nasdaq: 2025-02-18 16:14:53

Chinese tech stocks, including Alibaba (NYSE: BABA) and Tencent (OTC: TCEHY), rose as the Nasdaq fell slightly. President Xi Jinping’s meeting with tech leaders signaled support for the sector, boosting investor confidence amid economic struggles in China. GDS Holdings (NASDAQ: GDS) also saw gains after analysts upgraded the stock.

Tencent shares hit a three-year high after integrating DeepSeek’s AI chatbot. GDS Holdings received an upgrade from Citigroup, anticipating increased AI spending. Despite challenges faced by Chinese tech stocks, the sector is gaining momentum, with Alibaba’s upcoming earnings report expected to shed light on AI trends.

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Disclaimer: Citigroup is an advertising partner of Motley Fool Money. The author holds no positions in mentioned stocks. The Motley Fool has positions in Tencent and recommends Alibaba Group. The views expressed are of the author and not Nasdaq, Inc.



Read more at Nasdaq: Why Chinese Tech Stocks Alibaba, Tencent, and GDS Holdings Are a Bright Spot in the Stock Market Today