1 day Ago
Shares of Chinese smart-device manufacturers rose after president Xi Jinping visited an artificial-intelligence innovation center in Shanghai. YingTong Telecommunication Co.,Ltd.
, which makes wireless acoustic parts and bluetooth headphones used in AI glasses, jumped by the 10% limit in Shenzhen. Minami Acoustics Ltd. and Shenzhen Rapoo Technology Co.
, which manufacture consumer electronics parts, each gained more than 6%. China’s prime-time news program on Wednesday led with a four-minute segment on Xi’s visit to an incubator and accelerator for AI tech firms, and showed footage of him trying on a pair of AI glasses. Xi was also spotted in a pair of StarV View spectacles, developed by Chinese maker DreamSmart.
Xi praised Shanghai’s AI development, according to the report. AI stocks in Shanghai have weakened in the past couple of months after a strong rally fueled by optimism around the DeepSeek AI products, their performance stunted by expensive valuations coupled with concerns about US tariffs. The CSI Artificial Intelligence Index is 17% off this year’s highs from February.
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