After years of caution, some of Wall Street's most storied investors are returning to Chinese technology — not broadly, but with surgical precision, placing their conviction on artificial intelligence rather than the e-commerce empires that once defined the sector. Stanley Druckenmiller's re-entry into Chinese equities after a two-year absence, and David Tepper's near-doubling of his Baidu stake, speak to a deeper reordering of how sophisticated capital reads opportunity in a market shaped by regulation, maturation, and the transformative pull of AI. The shift is less about China recovering an