China’s New AI Stocks Drive Volatility in Asia as Hype Grows

Chinese artificial‑intelligence firms have emerged as one of the most volatile pockets of Asia’s equity markets, with shares of newly listed model developers and chip designers swinging on retail flows.

Half of the region’s top 10 most volatile stocks based on 90-day annualized volatility are recent IPOs from the sector, according to Bloomberg calculations for firms valued above $10 billion. Moore Threads Technology Co., for example, soared more than 700% in five days before nearly halving, while AI model developer MiniMax Group Inc. climbed more than 500% since its January debut.