2 China-Based Tech Stocks Rising on AI Updates

China-based tech stocks are surging today, with help from a boom in artificial intelligence (AI) spending after the Financial Times reported the country banned Nvidia (NVDA) chips. Notably, Hong Kong's Hang Seng, a tech-heavy index, is trading at four-year highs. Focusing in on two of these tech giants, e-commerce name Alibaba Group Holding Ltd (NYSE:BABA) and search engine staple Baidu Inc (NASDAQ:BIDU) are both in focus after the company's scored new AI deals. Alibaba stock was last seen up 2.3% at $165.9 ...