Well, dont forget the factor that the price is determined based on how much the buyer required or satisfy their requirement. 

Hmm...that hedge fund is buying blindly of uncertain hope if continue increasing shares after the recent SMCI problem facing. 

Then why need to sell or export to China to begin with, even China has own domestic problem in their own economy? It doesnt make sense why need to rely into within China market at this time as China is not only the market.