Wall Street Gets On Board With the Hype Over China AI Stocks

Wall Street analysts are buying into the excitement over Chinese stocks related to artificial intelligence, as shown by the first ratings for the companies in a recent wave of listings.

JPMorgan Chase & Co. recommended that investors buy the stocks of AI intelligence model developers MiniMax Group Inc. and Knowledge Atlas Technology JSC Ltd., also known as Zhipu. Goldman Sachs Group Inc. rated chip designers Shanghai Biren Technology Co. and MetaX Integrated Circuits Shanghai Co. new buys on the strong AI growth outlook. The shares of MiniMax and Zhipu jumped on Tuesday. MetaX rose as well, while Biren pared Monday’s gains.