A rally in Chinese stocks tied to excitement over DeepSeek and Unitree Robotics lifted returns of several hedge and long-only funds last month.
DeepSeek’s unveiling of a lower-cost, open-source artificial intelligence model and Unitree’s showcase of its robotics technology captured investors’ imagination. The MSCI China Index surged almost 12% in February and has extended gains this month, led by stocks expected to benefit from the wider adoption of the technologies.