Goldman Sachs has identified Chinese stocks that should benefit from a new wave of artificial intelligence-related hardware exports, with market opportunities ranging from $12 billion to $212 billion by 2030. The US bank has selected two companies: Inovance, an automation specialist listed in Shenzhen, and Estun, an industrial robotics group listed in Hong Kong. Inovance’s total addressable market outside China could more than triple by 2030 to exceed $489 billion, and Goldman maintains a buy rating with a price target of 92.90 yuan. Estun is benefiting from its expansion in Southeast Asia alongside its Chinese clients, with regional market share potentially rising from 3% to around 10% by 2030. Growing uncertainty around US restrictions on high-tech imports from China is pushing many exporters to turn to Europe and Southeast Asia.
Source: Read the original article
