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China’s AI Stocks Surge After Nvidia’s Huang Hails OpenClaw as 'the Next ChatGPT'

Mar 18, 2026 05:12 UTC
00700.HK, BABA, 09988.HK, ^VIX
Short term

Nvidia CEO Jensen Huang's endorsement of China's OpenClaw as 'the Next ChatGPT' sparked a rally in Chinese AI-related equities, with key stocks like 00700.HK, BABA, and 09988.HK seeing increased investor interest. The statement underscores growing global recognition of China's AI advancements and heightened market volatility.

  • Nvidia CEO Jensen Huang called China's OpenClaw 'the Next ChatGPT' at the GTC conference on March 17, 2026
  • Chinese AI stocks including 00700.HK, BABA, and 09988.HK saw increased investor interest
  • Nvidia expects at least $1 trillion in revenue from Blackwell and Rubin chips by end of 2027
  • Market volatility, tracked by ^VIX, increased following the announcement
  • The statement signals growing global recognition of China’s AI innovation capability
  • No specific price changes or volumes were reported, but sentiment drove sector-wide momentum

Nvidia CEO Jensen Huang’s recent praise of China’s OpenClaw as 'the Next ChatGPT' has ignited a wave of optimism across China’s technology sector. The comment, made during a news conference at the Nvidia GTC conference in San Jose on March 17, 2026, validated the emerging capabilities of China’s AI ecosystem and triggered immediate market reactions. Investors responded by bidding up shares of major Chinese tech firms, particularly those linked to AI infrastructure and semiconductor development. The rally primarily impacted key Chinese equities, including 00700.HK, BABA, and 09988.HK, reflecting broader investor confidence in China’s AI trajectory. While no specific stock price changes or trading volumes were reported, the sentiment shift highlights a growing recognition of China’s role in the global AI race. The endorsement also reinforces the strategic importance of AI chips, with Nvidia projecting at least $1 trillion in revenue from its Blackwell and Rubin chips by the end of 2027. Market volatility, as measured by ^VIX, rose in response, signaling increased uncertainty and risk appetite amid the geopolitical and technological competition. The development underscores the deepening integration between global AI innovation and regional markets, particularly in Asia. As the AI arms race intensifies, the validation of a Chinese-developed model by a U.S. tech giant like Nvidia could reshape capital flows and investment strategies in the semiconductor and technology sectors.

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