Alibaba, SMIC lead China's AI-driven market revival, but worries of overheating linger

Core Insights - China's stock markets are experiencing a significant rally, primarily driven by enthusiasm for artificial intelligence [1] - This surge follows a relatively subdued performance in 2024 for Chinese equities [1] Industry Summary - The rise in stock prices is largely attributed to investor interest in artificial intelligence technologies, indicating a shift in market focus [1] - The performance of Chinese equities in 2024 was characterized by muted growth, contrasting sharply with the current rally [1]