With the broad basket of Chinese internet stocks marching higher again, investors may wish to give the forgotten names a second look for their newfound momentum and intriguing new AI developments. Alibaba and Baidu are major players in the AI race that you can’t count out, especially at today’s rock-bottom valuations. Let’s check in with two Chinese internet stocks that may prove too cheap at current levels, especially as investors begin to warm up to the AI opportunity at hand. At this juncture, I think too many investors are sleeping on the brand-new Qwen-3 model and its new AI chip plans. As always, Chinese stocks can be dangerously volatile and unforgiving to traders looking to make a quick profit.