China Tech Stocks Mixed: ChiNext +2.63%, AI Chip Makers Fall

The divergence between computing hardware strength and AI chip weakness suggests the market is rewarding infrastructure plays while punishing high-expectation semiconductor names, likely reflecting supply or valuation concerns specific to the latter. The sharp contrast within the same AI theme indicates capital rotation rather than broad sector sentiment. For observers, whether this split persists into the afternoon and beyond will signal if it is a one-day correction or a more structural repricing of AI chipmakers relative to downstream hardware.