Group 1 - Qfin Holdings, Inc. (NASDAQ:QFIN) experienced a significant share price increase of 13.43% on Friday, closing at $24.15, driven by optimism surrounding Chinese stocks as a hedge against the AI bubble [1][3] - Bank of America Chief Investment Strategist Michael Hartnett highlighted that Chinese stocks and gold are the best options to hedge against the risks associated with the AI boom, particularly given the high valuations of US technology giants [2][3] - Qfin Holdings is expected to report its third quarter earnings in the second week of November 2025, with a GAAP net income target of 1.52 billion to 1.72 billion yuan and a non-GAAP net profit projection of 1.6 billion to 1.8 billion yuan, indicating a year-on-year decline of 2% to 13% [4]
Qfin Holdings (QFIN) Soars 13.4% as Analyst Bets on Chinese Stocks to Hedge vs AI Bubble