Panmure Liberum analyst claims Chinese AI advances without US chips

A Reuters report quoted a Panmure Liberum analyst asserting that Chinese AI firms are progressing without US chips and that export controls have had little effect. Multiple accounts on X disputed the assessment. Posts also referenced the firm's prior warning that the AI boom is 60 percent larger than the dotcom bubble and noted that current US chip policies could triple China's annual AI computing power additions.

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PW#1359@PETERWILDEFORD@CHRISRMCGUIRE

CH

Chris McGuire@CHRISRMCGUIRE

If the United States were to sell US AI chips to China in exchange for allowing China to purchase US chipmaking tools, that could legitimately be the single worst deal in the history of negotiations. It would make the Dutch purchase of Manhattan for $24 look like an overpay.

9:57 AM · May 14, 2026 View on X