Goldman Sachs speaks out strongly: bullish on China's AI value chain

In a report titled "Investment Strategy: Long China's AI Value Chain," Goldman Sachs analyst Louis Mille wrote: "The Chinese AI industry has officially entered our field of vision." The reason for this is that "the unprecedented combination of massive national support, soaring global demand, and structural capital rotation has made Chinese AI one of the most eye-catching growth stories in the technology sector today." Goldman Sachs put forward three key points to support its investment thesis: the market value of Chinese AI companies is severely mismatched with the market space, leaving ample room for valuation growth; the Chinese AI industry chain possesses unique competitive advantages that are underestimated by the market; and the performance of the Chinese AI sector is stronger relative to other Chinese assets, and funds are structurally increasing their allocation to it.