Chinese stocks extended their gains during the last week of trading on optimism in the artificial intelligence sector.

The Shanghai Composite Index, the main gauge of Chinese stocks, gained 0.5% or 17.66 points to 3,534.48. The Shenzhen Component Index inched up 0.4% or by 40.22 points to 10,913.84.

Hopes driven by the artificial intelligence sector also increased following the resumption of Nvidia's shipments of H20 AI chips to China, the report said.

Chinese Commerce Minister Wang Wentao also met with Nvidia Chief Executive Officer Jensen Huang on Thursday, according to a statement from the Commerce Ministry Friday.

Wang called on Nvidia and other companies to provide Chinese customers with high-quality and reliable products and services, the ministry said.

In the corporate front, Piotech (SHA:688072) forecasts up to a 108% rise in its first-half profit to up to 247 million yuan. Shares in the Chinese semiconductor device manufacturer finished 5% higher.