China AI Stocks Surge as Jensen Huang’s Beijing Visit Fuels Nvidia Chip Hopes

Chinese artificial intelligence stocks rallied strongly after Nvidia Chief Executive Officer Jensen Huang joined a high-profile business delegation to Beijing with US President Donald Trump, lifting investor hopes that China’s AI developers may gain better access to advanced Nvidia chips.

The move gave fresh energy to Hong Kong-listed AI companies, especially MiniMax Group and Knowledge Atlas Technology, the company behind the Zhipu AI platform. MiniMax closed around 18% higher, while Knowledge Atlas rose about 37% by the end of trading, making both companies standout names in one of Hong Kong’s most closely watched technology rallies this year. The figures were reported by Invezz on May 13, 2026.

Why Jensen Huang’s Visit Matters

Huang’s presence in Beijing is being seen by investors as more than a routine business visit. Nvidia remains one of the most important companies in the global AI supply chain because its chips power many large language models, cloud platforms, and advanced AI applications.

For Chinese AI companies, access to stronger chips could improve model training, speed up product development, and reduce the performance gap with global rivals. This is why investors reacted quickly when Huang appeared alongside the US delegation.

The main focus is Nvidia’s H200 chip, a powerful AI processor that Chinese companies have long wanted to use. Investors believe improved US-China talks could increase the chance of Nvidia receiving clearer approval to sell advanced chips to Chinese customers.

MiniMax and Knowledge Atlas Lead the Rally

MiniMax and Knowledge Atlas have become two of the most closely followed Chinese AI model developers. Their public listings in Hong Kong have allowed investors to buy into China’s generative AI growth story directly.

MiniMax is known for offering a wide range of AI tools, including text, audio, and content generation services. Knowledge Atlas, through Zhipu AI, has gained attention for coding-related AI tools and enterprise-focused model development.

Analysts believe these companies could benefit if stronger Nvidia chips become available in China. Better chips may allow faster training, stronger model performance, and more reliable commercial AI services.

Chip Access Remains the Biggest Issue

China’s AI industry has grown quickly, but semiconductor access remains a major challenge. Advanced AI models need huge computing power. Without high-end chips, companies may face slower development, higher costs, and weaker performance compared with global competitors.

US export restrictions have limited China’s access to Nvidia’s most advanced chips in recent years. At the same time, Beijing has pushed local companies to develop domestic semiconductor alternatives and support Chinese technology champions such as Huawei.

This creates a difficult balance. Chinese AI firms want access to world-class hardware, but China also wants to reduce dependence on foreign chipmakers.

Analysts Stay Bullish on China’s AI Market

Despite these risks, analysts remain optimistic. China Merchants Securities International recently gave buy ratings to both MiniMax and Knowledge Atlas, saying both companies are making progress in commercializing their AI products. The brokerage set target prices of HK$982 for MiniMax and HK$1,282 for Knowledge Atlas.

Morgan Stanley also raised its price targets, lifting its target for Knowledge Atlas to HK$990 from HK$560 and increasing MiniMax’s target to HK$1,100 from HK$990. The bank said Chinese AI model developers could become a larger force in Hong Kong’s stock market.

Hang Seng Tech Index Inclusion Could Bring More Money

Another reason investors are excited is the expected inclusion of MiniMax and Knowledge Atlas in the Hang Seng Tech Index on June 8, 2026. Index inclusion can be important because funds that track the index may need to buy shares of the newly added companies.

Morgan Stanley estimated that this could bring between $1.25 billion and $1.75 billion in passive inflows. That kind of buying pressure may improve liquidity and support share prices, especially if investor interest in AI remains strong.

China’s AI Economy Is Becoming More Commercial

The rally also reflects a broader change in China’s AI industry. Companies are moving from research and testing toward paid services, enterprise tools, and large-scale commercial use.

Chinese AI models have often been cheaper to use than US rivals, which helped attract developers, startups, and business users. However, pricing is changing as demand rises. Morgan Stanley noted that the cost of using Chinese AI models increased to at least 17% of US model pricing in the first quarter, up from about 5% a year earlier.

This shows that Chinese AI firms may be gaining stronger pricing power. If demand keeps rising, revenue could grow sharply over the next few years.

Key Risks for Investors

The rally is exciting, but it is not risk-free. The biggest risk is policy uncertainty. If China continues to block some Nvidia imports, or if the US tightens export controls again, AI developers may not receive the hardware boost investors expect.

Another risk is valuation. After sharp gains, AI stocks can become expensive quickly. If earnings do not grow fast enough, share prices may become vulnerable to pullbacks.

Competition is also intense. MiniMax and Knowledge Atlas are public market leaders, but private rivals such as Moonshot AI and StepFun are still competing for users, developers, and enterprise clients.

Outlook

China’s AI stock rally shows how strongly investors are linking chip access with future AI growth. Jensen Huang’s Beijing visit has raised hopes that Nvidia may regain a larger role in China’s AI ecosystem, especially if talks between Washington and Beijing lead to more flexible chip rules.

For now, MiniMax and Knowledge Atlas are benefiting from three powerful themes: enthusiasm for generative AI, expectations of stronger chip access, and possible index-driven inflows. Analysts remain bullish because these companies are not only riding market hype; they are also building commercial AI businesses with real revenue potential.

Still, the next stage of the rally depends on policy decisions, chip availability, and whether Chinese AI firms can turn user growth into lasting profits. If those pieces fall into place, AI could become one of the biggest drivers of Hong Kong’s technology market in 2026 and beyond.

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