Move over, Magnificent 7: Goldman Sachs proposes the ‘Prom 10,’ China’s top stocks including Tencent, Alibaba and BYD

Investors are flocking to Chinese markets in a search for alternatives to U.S. equities. DeepSeek’s AI breakthrough earlier this year proved that China could compete on the technological frontier. Economists are betting that Beijing might finally unleash more stimulus to revive flagging domestic consumption. And policy volatility in Washington, thanks to U.S. President Donald Trump’s trade war, is pushing investors to start diversifying their portfolios away from the U.S. 

It’s a big...