Global investors are increasing their bets on Chinese AI companies to diversify away from the US tech sector. There are growing concerns about a bubble in US stocks, so money is moving toward China where valuations look significantly cheaper compared to the Nasdaq. Beijing is fast-tracking listings for local chipmakers to push for tech independence. Companies like Moore Threads and MetaX recently debuted and saw massive gains. Some asset managers are even limiting exposure to the "Magnificent Seven" to buy stocks like Alibaba, arguing that the gap between US and Chinese AI capabilities is closing. However, it is not all positive. Some fund managers warn that the new chip listings are driven by hype without solid valuation support. The general consensus seems to be that China offers a way to hedge against high US tech prices, but risks remain.