On Monday, Goldman Sachs increased its target price for Chinese stocks citing the potential for accelerated earnings growth through AI adoption, expecting a significant influx of up to $200 billion. The recent surge in Chinese technology stocks, achieving their most remarkable winning streak in over two years, was driven by DeepSeek's AI advancements, reigniting investor enthusiasm in China's tech prowess.
Goldman revised the 12-month target price for China's CSI300 index to 4,700 from 4,600 and adjusted the price target for MSCI China from 75 to 85. The current value of the blue-chip index stands at 3,954.