Think about BABA, Tencent, BIDU etc:
\-they are technically as good as US Mag7
\-their asset diversification (AI, Cloud, e-commerce, gaming ..) is very similar, sometimes better
\-yes there is the legal saber rattling from the US Govt, but their models are likely to be what is affordable to the rest of the world which does not have the capital to create competitors
\-these companies have the backing of the Chinese government (which does not speak frequently, but when it does their policy-speak is loud)
\-they have an entrenched market of both consumers and developers (the latter being very important to compete with NVDA)
The stocks behave like a *value trap* but fundamentally look like *deep value*