Global Banks Raise China AI and Data-Center Stock Calls as Funds End Four-Year Underweight

Global investment banks are lifting selected calls on Chinese AI and AI-infrastructure companies, a sign that the China trade is becoming more stock-specific and tied to earnings delivery. The shift comes as nearly 2,800 global funds tracked by Bank of America moved active long-only China exposure to benchmark-neutral from June, ending a four-year run of underweight positioning across funds holding $562 billion in Chinese stocks a fund-flow analysis.