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A plethora of countries have well-known artificial intelligence (AI) ambitions. A smaller number have credible avenues for realizing those objectives, prompting many experts to opine that the global AI competition is largely a two-horse race between the U.S. and China.

The recent initial public offering (IPO) of semiconductor manufacturer CXMT enriched insiders and early investors at that China tech company. It could also serve to renew interest in other China growth stocks.