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AMD Stock Defies Chinese AI Competition Threat as Tech Race Intensifies
AMD Stock Defies Chinese AI Competition Threat as Tech Race Intensifies
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BTCCSquare news:
U.S. semiconductor giants Nvidia and AMD face mounting competition from China's burgeoning AI sector, with former PBOC deputy governor Zhu Min predicting over 100 DeepSeek-style innovations within 18 months. Speaking at the World Economic Forum, Zhu highlighted China's engineering talent, consumer scale, and policy support as key drivers.
Bloomberg Economics data shows high-tech's GDP contribution rising to 15% in 2024, potentially reaching 18% by 2026. The development follows DeepSeek's disruptive entry earlier this year, challenging U.S. dominance with cost-effective alternatives.
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