Hand holding ChatGPT open on a smartphone in front of futuristic backdrop of black and white numbers and the outline of a head filled with a star map
China's stock market appears to be buying into the ChatGPT hype, with local AI stocks flourishing.
  • Chinese AI stocks have been rallying as the market appears to join ChatGPT-driven hype.
  • Computer vision tech group Beijing Deep Glint Technology Co. rose more than 15% Wednesday.
  • The stocks initially disappointed after China's economy reopened due to weak balance sheets, per BBG.

Chinese artificial intelligence (AI) stocks are surging as a wave of ChatGPT hype fans investor enthusiasm toward competitors.

Some AI stocks jumped more than 10% Wednesday, and are in the midst of a rally that has seen others increase their market value by more than half.