4 Stocks to Buy for the Coming AI Wars

In 2014, China quietly set up a state-led fund to invest in semiconductor manufacturing. The China Integrated Circuit Industry Investment Fund (now known as “The Big Fund”) would eventually raise $45 billion and distribute the proceeds into everything from wafer fabrication to chip design.The results have been jarring. Late last year, Chinese state-owned Huawei quietly launched the Mate 60 Pro, a 5G phone that stunned analysts. The Western-sanctioned firm had acquired advanced 7-nanometer chips that only AS ...