China’s Top AI Funds Start Booking Profits As Bubble Debate Returns

China’s top AI hedge funds are trimming winners as Shanghai Everlead Capital, up 164% this year, books profits and the AI bubble debate returns, according to BeInCrypto, with layer data showing money rotating out of the hottest AI trades. Everlead cut optical and chip-packaging stocks, while Hunjin Capital trimmed crowded AI holdings and rotated into cheaper traditional names as the market focuses on 2027 AI capex and whether spending keeps flowing or slows.