Chinese artificial‑intelligence and semiconductor shares surged on Monday, extending a rally sparked by a wave of new listings. Zhipu AI (trading as Knowledge Atlas Tech) jumped more than 40% after its Hong Kong debut, while fellow “AI tiger” MiniMax Group added roughly 30%. Chipmaker Shanghai Iluvatar CoreX SemiCon rose close to 9% on the strength of its market debut last week. Larger players also rallied: Baidu gained 4% after filing to list its chip unit Kunlunxin, Tencent added 2.1%, and Alibaba climbed over 5% on reports of Beijing stepping into a price‑war dispute.

Mainland‑listed Cambricon Technologies nudged up 2%, whereas Moore Threads, billed as China’s answer to Nvidia, slipped 2.3%. The surge reflects Beijing’s push to expand domestic AI capacity and reduce reliance on U.S. technology after the 2025 trade clash. By encouraging Hong Kong IPOs, regulators hope to fund home‑grown chip design and production, narrowing the gap with Western rivals.

Investors will watch whether the policy drive translates into sustained earnings growth for the sector.