UBS said China AI hardware stocks are showing signs of approaching a cycle high as valuations, fund positioning and trading concentration have risen to elevated levels, according to Ming Pao.
The bank cited increased new-share supply and rising corporate capital expenditure as additional factors suggesting the sector is gradually nearing a peak. However, UBS said it is still too early to call for an exit given continued strong earnings growth, describing market conditions as “tight but not broken,” and it maintained an overweight view on China AI hardware technology stocks for the rest of this year.
AI TRENDS | UBS Sees China AI Hardware Stocks Near Cycle High but Keeps Overweight View
2026-06-24 08:57:23
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