UBS's Wang Zonghao: European investors are confident in China's AI.

On July 15th, Wang Zonghao, the Director of Stock Strategy Research at UBS China, stated: "We have just finished a week-long meeting with European investors. Despite Europe being in the summer holiday season, investors' interest in Chinese stocks remains strong, and AI is still a key topic of discussion." He believes that although the stock prices of AI technology companies have dropped in recent weeks, some investors have admitted to profit-taking during the volatility, but their confidence in the AI technology sector remains firm. They are mainly focused on targets related to Chinese localization and domestic capital expenditure, as well as leading companies in undervalued sub-sectors. Compared to previous research, investors have expanded their understanding of the Chinese AI technology supply chain, but UBS believes there is still room for further penetration.