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High living costs are forcing U.S. consumers to cut back, creating a parallel trend among investors who are now seeking value in the tech sector. While a speculative AI boom has inflated megacap stocks, overlooked tech ETFs and international AI players are emerging as attractive, lower-cost alternatives.
Chinese GPU manufacturer Moore Threads saw its stock price increase 723% within five days of its initial public offering, reaching a market capitalization of 442.3 billion yuan. This event highlights intense investor demand for China's domestic AI and semiconductor sector amid a global AI hardware boom.