Guotai Asset Management flags North America cloud earnings as key risk for AI-linked communications stocks

• Guotai Asset Management flagged unfinished “bottoming” in A-shares, citing profit-taking and heavy volatility risk in the near term.
• On July 22, Shanghai Composite rose 0.07%; Shenzhen Component fell 1.42%; ChiNext dropped 3.23%; turnover hit CNY 265 billion.
• CSI All-Share Communications Equipment Index slid 3.99%, pressured by post-rally selling and caution ahead of North American cloud earnings.
• Meta, Google earnings seen as key catalysts; sentiment also hit by market disappointment with Google’s latest model updates.
• Longer term, Guotai expects AI infrastructure spending to keep accelerating, projecting 2027 global AI capex near $1.5 trillion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Guotai Asset Management Co. Ltd. published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.