‘Fast Money' traders debate whether U.S. or China tech is the better investment in near term

分组1 - Nvidia, Micron, and AMD are among the biggest winners in the chip space, with data storage companies like SanDisk, Western Digital, and Seagate also seeing significant gains [1] - China's AI stocks have performed exceptionally well this year, with the Kweb index rising over 2% today and nearly 45% since January, driven by companies like Alibaba, BU, and JD [1] - The Kweb index has more than doubled the performance of the triple Q index year to date, indicating strong growth in Chinese tech stocks [1] 分组2 - Valuations for Chinese tech stocks, particularly Alibaba, are considered compelling, with recent changes showing a significant increase in valuation from around 16-17 times earnings to 23-4 times [4] - The Chinese government is currently supportive of its tech industry, contrasting with previous concerns regarding regulatory actions against companies like Alibaba [4] - There is a perception that the US tech sector is experiencing extended valuations, while Chinese stocks have been in a "penalty box" for some time, suggesting potential for recovery [3][4] 分组3 - The upcoming US-China trade deadline on November 11 is seen as a significant factor that could impact the performance of Chinese stocks, with concerns that if the trade policy does not improve, stocks like Alibaba may retrace their gains [9][11] - Alibaba is viewed as a key player in the AI space, with its valuation gap compared to US counterparts like Amazon being a point of discussion [5][7] - Selectivity in investment is advised, as not all Chinese stocks are seen as equally positioned to benefit from AI trends, with Alibaba being highlighted as a strong option [9][11]