{"id":116586,"date":"2026-05-03T14:13:51","date_gmt":"2026-05-03T14:13:51","guid":{"rendered":"https:\/\/christiancorner.us\/index.php\/2026\/05\/03\/from-ai-hardware-to-internet-giants-is-it-time-to-revisit-hang-seng-tech-3-may-2026\/"},"modified":"2026-05-03T14:18:55","modified_gmt":"2026-05-03T14:18:55","slug":"from-ai-hardware-to-internet-giants-is-it-time-to-revisit-hang-seng-tech-3-may-2026","status":"publish","type":"post","link":"https:\/\/christiancorner.us\/index.php\/2026\/05\/03\/from-ai-hardware-to-internet-giants-is-it-time-to-revisit-hang-seng-tech-3-may-2026\/","title":{"rendered":"From AI hardware to internet giants: Is it time to revisit Hang Seng Tech? (3 May 2026)"},"content":{"rendered":"<p>\n<\/p>\n<p>    From AI hardware to internet giants: Is it time to revisit Hang Seng Tech? (3 May 2026)<\/p>\n<div>\n<p>Dear All, The Hang Seng Tech Index (HST) has fallen sharply <strong>27%<\/strong> From its multi-year high of 6,715 (2 October 2025) <strong>4,871<\/strong> Till 30 April 2026. Remarkably, it now just sits <strong>Up 148 points from its pre-DeepSeek level<\/strong> (4,723 on 28 January 2025). This raises an important question: <strong>Is capital about to turn from crowded AI hardware trades into undiscovered internet giants?<\/strong> Both CGSI and UBS think this is increasingly likely. Here are the details of the investment case. <strong>The Investment Case (7 Key Points)<\/strong> 1) <strong>Poor performance can create an entry point<\/strong>  HST has lagged behind both regional competitors and A-shares, mainly due to its <strong>Limited performance of AI hardware rally<\/strong>. Previous 1 month:ChinaNext: <strong>+11.9%<\/strong>Star50: <strong>+14.8%<\/strong>  HST: <strong>+2.8%<\/strong>    If we have to compare year-to-date (YTD) performance (see). <strong>Figure.1<\/strong>), HST&#8217;s underperformance is severe, all other indices are down 11% with positive YTD performance&#8230;<\/p>\n<\/div>\n<p><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v4.0\"><\/script><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_US\/sdk.js#xfbml=1&#038;version=v13.0\" nonce=\"3nfhalVK\"><\/script><script async defer crossorigin=\"anonymous\" src=\"https:\/\/connect.facebook.net\/en_GB\/sdk.js#xfbml=1&#038;version=v13.0\" nonce=\"blyG8KXs\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From AI hardware to internet giants: Is it time to revisit Hang Seng Tech? (3 May 2026) Dear All, The Hang Seng Tech Index (HST) has fallen sharply 27% From its multi-year high of 6,715 (2 October 2025) 4,871 Till 30 April 2026. Remarkably, it now just sits Up 148 points from its pre-DeepSeek level<\/p>\n","protected":false},"author":1,"featured_media":6422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[60],"tags":[5865,8224,792,3298,28002,8225,946,103],"class_list":{"0":"post-116586","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-meditation","8":"tag-giants","9":"tag-hang","10":"tag-hardware","11":"tag-internet","12":"tag-revisit","13":"tag-seng","14":"tag-tech","15":"tag-time"},"_links":{"self":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/116586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/comments?post=116586"}],"version-history":[{"count":1,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/116586\/revisions"}],"predecessor-version":[{"id":116592,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/posts\/116586\/revisions\/116592"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media\/6422"}],"wp:attachment":[{"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/media?parent=116586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/categories?post=116586"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/christiancorner.us\/index.php\/wp-json\/wp\/v2\/tags?post=116586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}