The rocket higher in Chinese stocks so far looks different from the market bubble in 2015, analysts said. Major mainland China stock indexes surged by more than 8% Monday, extending a winning streak on the back of stimulus hopes.

Nvidia stock dropped in premarket trading before paring losses, following a report that China is urging local companies not to buy its AI chips.

Beijing urged local companies to stay away from the company's chips, according to a report, while the country is promoting domestic chip makers.

I believe there's still plenty of room for Nvidia to run, and I predict the stock will continue to reach new all-time highs into 2025. Here's why. The accelerating adoption of AI has helped fuel the run-up in technology stocks since the start of 2023,