Stock Track | XL2CSOPHSTECH Soars 8.2% as Chinese Tech Stocks Rally on DeepSeek AI Hype

Stock Track

02-13

XL2CSOPHSTECH's stock soared 8.2% in intraday trading on Thursday, outperforming the broader market as investors flocked to Chinese technology shares amid growing excitement over the country's advancements in artificial intelligence (AI) and large language models.

The rally was driven by the rise of Chinese AI startup DeepSeek, which has sparked a hunt for potential beneficiaries from China's AI capabilities. Traders are betting that companies like XL2CSOPHSTECH could see a re-rating and improved earnings growth as the AI technology gains traction.

The Hang Seng Tech Index, tracking Chinese tech stocks listed in Hong Kong, rose as much as 2.3% on Thursday, heading for its highest close since February 2022. Kuaishou Technology, Bilibili Inc, and Baidu Inc were among the top gainers, fueled by the DeepSeek hype and the relatively cheap valuations of Chinese tech shares.

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