https://finance.yahoo.com/news/china-chip-stocks-look-long-144351844.html " China Chip Stocks Look Like Long-Term Winners to Wall Street Ian King and Jeanny Yu Thu, February 15, 2024 at 3:43 PM GMT+1 (Bloomberg) -- While many on Wall Street are going to great lengths to avoid Chinese stocks, some analysts are telling clients to consider local chip companies. The caveat: it might take a while to see the benefits. That’s the view of Wall Street firms including Barclays and Sanford C. Bernstein, with the latter pointing to chip companies such as Naura Technology Group Co. and Hygon Information Technology Co. as names that may one day be as well known as US counterparts like Applied Materials Inc. and Advanced Micro Devices Inc. The reasoning is simple: US efforts to curb access to cutting-edge semiconductor tech will supercharge the development of China’s domestic chip industry as a matter of survival and create big opportunities for local companies, whose investments will pay off in years to come. ... "
Looks like they will have nothing but a huge gigantic 23 year never ending rally like we have here in the US. Now the whole world is going to have an endless rally. Within a few years there will be tens of millions new millionaires minted thanks to AI and chip stocks. Imagine the demand for goods and services when everyone becomes richer.....free money here and in China now. This is sweet!
They have some such companies. Some months ago they had presented their own lithography machine, the usual size of a passenger bus... Here a 7 months old news article: "China is anticipating its first 28nm lithography machine by the end of 2023" https://techwireasia.com/08/2023/the-first-28nm-lithography-machine-in-china-this-year/ Also interesting: "SMIC and Huawei are breaking barriers with 5nm chips despite US sanctions" https://techwireasia.com/02/2024/smic-huawei-defying-sanctions-leading-the-5nm-revolution/
It doesn't matter if they good companies or they are better than nVidia, their stocks will go nowhere just like the rest of their market. Xi is uninvestable. I believe BABA sells for like 5 P/E. That is what will happen to them as well.
%% Chicoms have much more risk; actually any alien[nonUS] stocks do. I did cut a loss on ARGT so may or may not be a big problem.Chicoms + evil empire-russia + Enron can be some of the biggest crooks......................................