Soaring U.S. stocks make China’s market look worse than it is. Names to watch

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Markets,Market Insider,NVIDIA Corp

Mainland China investors these days are often focused on scorching U.S. stocks — and bemoaning cool performance at home.

Mainland China investors these days are often focused on how well U.S. stocks are doing — and bemoaning tepid performance at home. Sure, there are clear macroeconomic differences. And hardly any major Chinese stock has more than doubled in price this year , as Nvidia has. But a look at first-half performance shows that many China stocks still rose by double-digits, including a few artificial intelligence plays.

"Moreover, the company has ventured into new domains such as automobiles and servers, fostering deeper collaborations with industry frontrunners and acquiring new clients." Zhongji Innolight Ranking third in CSI 300 performance in the first half was Zhongji Innolight, which climbed 70%. Nomura rates Zhongji Innolight a buy and its analysts met with the optical communication company in late June.

 

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