As the Magnificent Seven stocks have struggled to find momentum in 2025, China's so-called Terrific 10 have not, according to a report by Barron's.

The Terrific 10 is made up of Alibaba Group (NYSE:BABA), Tencent (OTCPK:TCEHY), Meituan (OTCPK:MPNGF), Xiaomi (OTCPK:XIACF), JD.com (NASDAQ:JD), NetEase (NASDAQ:NTES), Baidu (NASDAQ:BIDU), BYD, Geely (OTCPK:GELYF) and SMIC.

The rise of DeepSeek (DEEPSEEK) demonstrated how artificial intelligence models can be produced for less, prompting a new wave of tech investments in China, according to the report. KraneShares CSI China Internet ETF (NYSEARCA:KWEB), which holds many of the stocks in the Terrific 10, has jumped 24% year to date. Meanwhile, Roundhill Magnificent Seven ETF (BATS:MAGS) has declined 12%.

YT Boon, Neuberger Berman’s head of thematic for Asia, told Barron's he likes Xiaomi out of this group, as it produces smartphones and autonomous electric vehicles.

"There is still a meaningful runway for growth," he said. "They still have an advantage in their home market, which is a very large market."

He also indicated he isn't concerned about a trade war, as many of these Chinese companies rely more on Chinese consumers rather than exports to the U.S.