第一财经·2025-12-11 16:01Core Viewpoint - The article highlights the renewed enthusiasm for Chinese technology stocks, particularly in the AI sector, driven by the recent IPOs of domestic GPU leaders and positive foreign investment sentiment towards A-shares in 2026 [3][4]. Group 1: Foreign Investment Sentiment - Foreign institutions, including UBS and Fidelity International, express optimism about the performance of Chinese AI and technology stocks in 2026, indicating a low likelihood of an "AI bubble" and expecting a richer array of AI application scenarios [4][12]. - Over 200 A-share companies have been surveyed by foreign investors since November, with AI-related firms like Huichuan Technology and Luxshare Precision receiving significant attention [6][9]. - High-profile foreign investment firms such as Goldman Sachs Asset Management and Morgan Stanley have been actively involved in these surveys, indicating strong interest in the technology sector [6][8]. Group 2: Key Companies and Their Strategies - Huichuan Technology has been focusing on promoting new products and expanding its international business, with a strategy of bundling products to meet customer needs [8]. - Luxshare Precision is enhancing manufacturing efficiency and investing in robotics, with a focus on general AI and core components [8]. - Other notable companies receiving foreign interest include Tonghui Electronics and Dazhu Laser, indicating a broader trend of foreign investment in the tech sector [8]. Group 3: Market Outlook and Growth Potential - Foreign investors predict a slow bull market for A-shares, with strong capital inflows and a potential 37% growth in corporate earnings in 2026 [12][16]. - Goldman Sachs forecasts a sustainable upward trend in the Chinese stock market, driven by AI capital expenditures, a resurgence in profitability, and increased global competitiveness [13][17]. - UBS emphasizes that the Chinese technology sector represents one of the most significant investment opportunities globally, supported by ample liquidity and a recovering market sentiment [12][17].