China's SMIC stock hits record high on DeepSeek AI optimism By Investing.com

SMIC Stock Surge: Shares of Semiconductor Manufacturing International Corp (SMIC) reached a record high due to the success of China's AI sector, particularly driven by the advancements of AI startup DeepSeek, which has developed a cost-effective AI model that operates on less advanced hardware.

DeepSeek's Expansion: DeepSeek is rapidly expanding its workforce by offering competitive salaries to attract top talent in AI, with major cloud service providers integrating its models into their platforms, contributing to a positive outlook for the Chinese tech industry despite external trade challenges.