Chinese technology shares gained attention on Thursday as Nvidia’s latest revenue outlook reinforced expectations for continued demand across the artificial intelligence hardware supply chain.
Mainland markets moved higher during the morning session, led by technology and semiconductor-related stocks. The CSI300 Index was up 0.5% by the lunch break, while the Shanghai Composite gained 0.6%. The technology-focused STAR50 Index rose 3.5%, showing where market interest was concentrated.
The main catalyst was Nvidia’s latest outlook. The US chipmaker forecast a 70% increase in annual revenue, supporting expectations that spending on AI infrastructure will remain strong. The projection also provided a positive signal for companies involved in semiconductors, servers, communications equipment and other components used in AI computing systems.
That demand outlook is particularly relevant for China’s domestic technology supply chain. Local hardware companies have been positioning themselves to capture more spending linked to data centres and AI infrastructure, while broader restrictions on access to advanced US technology continue to encourage investment in domestic alternatives.
Supply constraints remain an important part of the picture. Nvidia warned that shortages of memory components could limit growth, highlighting the pressure being created by rapid expansion in AI computing capacity. This raises the importance of manufacturing capacity, component availability and supply-chain resilience as the sector develops.
Chinese hardware and communications shares responded strongly to the outlook, with the 5G Communication Index advancing during the session.
Hong Kong’s market was less supportive. The Hang Seng Index edged lower, while the Hang Seng China Enterprises Index also declined. The difference between mainland China and Hong Kong highlighted the more selective nature of the session, with gains concentrated in technology and AI-related hardware rather than extending across the wider Chinese equity market.
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