Investors Play Both Sides of US and China AI Divide

Investors are playing both sides of the US and China AI divide as Wall Street underwrites Chinese tech equity deals and Chinese money flows into US semiconductor stocks.

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FILE PHOTO: U.S. President Donald Trump and Chinese President Xi Jinping react as they hold a bilateral meeting at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea, October 30, 2025. REUTERS/Evelyn Hockstein/File Photo

Wall Street banks have acted as bookrunners on 19 Chinese high-tech equity capital market deals worth $17.2 billion this year, according to LSEG data. The activity accounts for nearly 30% of the sector's total issuance as investors play both sides of the artificial intelligence divide between the United States and China.

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