Shares of Chinese stocks such as Alibaba ( BABA 7.15%) and China-exposed stocks Estee Lauder ( EL 5.38%) and Nike ( NKE 2.97%) rallied on Monday, up 6.2%, 5.2%, and 2.9%, respectively, as of 2:20 p.m.

Government policies, generous funding and a pipeline of AI graduates have helped Chinese firms create advanced LLMs.

Chinese artificial intelligence company DeepSeek disrupted Silicon Valley with the release of cheaply developed AI models ...