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<Research>Haitong Int'l: CN Tech 'Magnificent Seven' Waiting to 'Emerge', Expected to Emerge in AI Application, Semiconductor Mfg, High-end Equipment, Other Areas
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The “Magnificent Seven” of US technology, naming Apple (AAPL.US), Nvidia (NVDA.US), Microsoft (MSFT.US), Amazon.com (AMZN.US), Alphabet (GOOG.US), Meta (META.US) and Tesla (TSLA.US), are the main drivers of the US stock hike in recent years, and their rise is attributed to the continued technological innovation that have strengthened their dominant position in the industry, Haitong International released a research report saying. China's technological accumulation, human capital and policy support have the resources to cultivate tech giants, while the stock market institutional environment also creates favorable conditions for technology investment. The areas in Chinese stock market such as AI application, semiconductor manufacturing and high-end equipment are expected to spring up “Magnificent Seven”. In terms of which areas are expected to spring up China's “Magnificent Seven” for tech, Haitong International believed that they include AI application, semiconductors and high-end manufacturing. The broker also listed companies concerned with the concept of the “Magnificent Seven” for China's technology, including H-shares like TENCENT (00700.HK), XIAOMI-W (01810.HK), BABA-W (09988.HK) and JD HEALTH (06618.HK), as well as A-shares such as KINGSOFT OFFICE(688111.SH), CAMBRICON(688256.SH), ZTE(000063.SZ), CHINA SOFTWARE(600536.SH) and the A-shares of the big 3 Chinese telecoms. AAStocks Financial News |
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