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China's showcase of Al chips triggers $240 billion rally
Mint Mumbai
|September 19, 2025
From Huawei Technologies Co. to Alibaba Group Holding Ltd., China’s biggest tech firms have vied with each other this month to tout their latest artificial intelligence (AI) chip advancements.
Their growing public swagger is gaining investors’ attention, igniting a $240 billion stock market rally.
On Thursday, Huawei for the first time publicly laid out its three-year roadmap for chip development, boasting of "super clusters" and vastly faster Al chips intended to supplant restricted Nvidia Corp. accelerators. A day prior, state media showcased Alibaba’s growing footprint within the country’s No. 2 wireless operator.
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