The 'juicy' part of China market is in its AI hardware sector, not the benchmark indices: GS
Timothy Moe of Goldman Sachs argues that China’s equity market is effectively split into 'three Chinas', with offshore software-heavy indices lagging while onshore and AI-linked hardware stocks surging. He adds that the strongest earnings momentum is concentrated in smaller tech hardware segments, where improving fundamentals are beginning to improve the risk-reward profile even for some beaten-down offshore names.
Timothy Moe of Goldman Sachs argues that China’s equity market is effectively split into 'three Chinas', with offshore software-heavy indices lagging while onshore and AI-linked hardware stocks surging. He adds that the strongest earnings momentum is concentrated in smaller tech hardware segments, where improving fundamentals are beginning to improve the risk-reward profile even for some beaten-down offshore names.
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