China emerging as long-term AI winner despite semiconductor market volatility: Jefferies

New Delhi [India], July 31 (ANI): China is emerging as the strongest long-term contender in the artificial intelligence (AI) race despite ongoing volatility in global semiconductor stocks, according to a report by Jefferies.

The report said recent sharp declines in semiconductor stocks have brought many of them close to their 200-day moving averages, raising questions over whether the correction is merely a technical unwinding of leveraged positions or an early signal of slowing capital expenditure by global hyperscalers.

Despite the market volatility, Jefferies maintained that China remains well positioned in the AI race, particularly in consumer-facing applications.