The artificial intelligence-led stock rally in China is far from a bubble, as the nation's technology firms still have room to expand valuations and earnings through their focus on applications, according to Goldman Sachs' chief China equity strategist. China's approach to investing more capital in AI applications as opposed to the US strategy of focusing on computing power gave investors "comfort that its AI monetisation capability could be better, at least in the short term", Kinger Lau said in an inter ...