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RNXT and CNXT IDIOTS, BOTS gon getcha. CRXT = 65% S/I
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What about CNXT? IIUC it covers some of the hardware companies. My thesis is that the AI race is mostly an energy race. The difference between LLMs is becoming more and more negligible. There's three aspects that I think are key: 1. Ability to productionize, like Claude is doing with agents and harnesses which pave the way for eventual worker replacement. 2. Ability to make inference efficient. There's still some heavy innovation needed here to support future workloads. 3. Energy (compute power). This is where China easily takes the lead. When the difference in LLMs is negligible then it comes down to who can perform more inference, faster, cheaper.
i hold CNXT so ya need china bull run to continue
Today I made this little [Snipping Tool video](https://imgur.com/3PfqVe4) that shows how I screen ETFs on Barchart. I start with all non-leveraged ETFs (but keep the -1 or Short ones), then add a "Has Options" filter. After that, sort by 3-month performance, then start looking at charts. The video show 3 charts I like: REMX, CNXT, & SILJ I'd appreciate if you could try that on Barchart and see if you can do what I did there. I pay them for some extra features, so I'm not sure what a free account can see or do.
CNXT i bought already up aftermarket
I’m still holding the CNXT, and you’re right. It has gone up a lot lately. I think that may be due to the recent rise in Ali Baba and similar stocks.
Looking at investing in CNXT currently even though it’s up quite a bit, did you find another etf you prefer for China exposure?
I started investing in some Chinese stocks about a year ago. They’ve done very well overall. I wanted to invest in CATL, but you can’t buy it in the US. Somebody suggested that the fund, CNXT, was heavily invested in CATL, so I bought it. It’s just done OK. Doesn’t seem to go up much when the Chinese Indexes go up though, so I’ll probably dump it soon, and take my 5-10% gain.
My guess is domestic fiscal stimulus will lead the next wave up after big tech $KWEB. $FXI $MCHI $ASHR $CNXT
Good luck! Are you in CNXT as well?
Both. I'm heavy in BABA, TCEHY in particular as I love those 2 businesses and these account for ~50% of my Chinese allocation. I have a small position in XPEV, recently opened position in the online health space after it's massive sell-off buying both Ali Health and JD Health. Also picked up a starter position ing Ping An which is another excellent business that has been a bit expensive for me historically but is utterly dominant in it's space. The rest of the allocation is dumped into CNXT which tracks ChiNext 50 listed in Shenzhen. I don't really trade mutual funds or ETFs tracking A-Shares as I don't like many of the businesses listed in Shenzen.
Your options are ADRs or ETFs that hold the HK shares like KWEB, CQQQ etc. However if you are interested in Chinese exposure I would also consider Shenzen, specifically the ChiNext index which you can get exposure through the CNXT ETF.