China’s AI-driven stock rally is drawing support from Wall Street strategists, who say the newfound tech prowess will help extend a bull run.

Strategists from Morgan Stanley, JPMorgan and UBS expect stock gains spurred by DeepSeek’s artificial intelligence model to continue. The global shock and awe over the Chinese startup has triggered a fundamental rethink over the market’s attractiveness, challenging previous assumptions that the nation is lagging behind in cutting-edge technologies.

“Global investors are starting to reassess China’s investability within the tech and AI space, after an extended period of limited attention,” Morgan Stanley strategists including Laura Wang wrote in a note dated Tuesday. “We expect the momentum to sustain in the near-term given global investors’ light positioning.”

The MSCI China Index has risen about 15 percent from a January low, outperforming its Asian peers this year. A gauge of Chinese tech shares listed in Hong Kong entered a bull market last week.