Growing interest surrounding OpenAI's ChatGPT have led China-listed stocks related to artificial intelligence soaring this year so far.
, surged a record intraday high on Wednesday as investors continued to bet on the rising sector, according to FactSet data.Chinese state media also warned traders about the risks of betting on AI-related companies.saying some companies are "simply riding on concept without conducing actual businesses," citing previous hypes surrounding 5G, augmented reality and virtual reality.
AI-related in South Korea have also seen a recent surge in stock prices on the heightened attention in the sector. Seoul-listed Konan Technology rose about 230% year-to-date, Selvas AI surged 110% so far this year, and Neuromeka is higher by more than 70%. Since January, Minds Lab is up 53% and Saltlux rose about 65%.
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