Fund Managers Shift Focus to Earnings in AI Rally

TREE NEWS reports: As 2026 interim reports close, A-share listed firms show faster profit growth but widening sector divergence. Electronics, AI hardware, nonferrous metals, chemicals and high-end manufacturing beat expectations, while agriculture, property, building materials, steel and some consumption lag. Fund managers say tech growth enters an ‘earnings verification’ phase, where outperformance depends on converting AI trends into orders, revenue and profit, not just concept exposure.