The AI boom has pushed the Hang Seng Technology Index to a four-year high, with Wall Street raising target prices for Chinese tech stocks.

Zhijing Finance APP learned that on Wednesday, the strong rise of Chinese technology stocks further accelerated, driving key indices to nearly four-year highs with a new round of bets on artificial intelligence. The Hang Seng Technology Index, which tracks the largest technology companies listed on the Hong Kong Stock Exchange, rose by as much as 3.9%, reaching its highest level since November 2021. At this moment, major Wall Street banks are also raising their target prices for Chinese technology stocks.