AI Sector Rotation and Sell-off

AI/chip stocks bounce after selloff, with ChiNext +4.8%, STAR 50 +2.9%, CSI AI +4.6%. DeepSeek's cost efficiency and J.P. Morgan call it a healthy rotation. CWEB +25% on Apple Intelligence deal using Alibaba's Qwen. Alibaba Qwen3.8-Max release. WuXi AppTec surging on earnings. Margin data shows 14% drop in tech leveraged bets. Moonshot AI IPO rumor denied.