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Feature Story

Wall Street Hunts AI Winners Beyond Nvidia in Emerging Markets

Apr 07, 2024 · bloomberg.com
Wall Street Hunts AI Winners Beyond Nvidia in Emerging Markets
Major global money managers are looking beyond the US for the next big winners in artificial intelligence (AI). This comes as the worldwide excitement about AI has led to a three-fold increase in Nvidia Corp's value and a 50% rise in a key US index for semiconductor manufacturers in less than a year.

Investors are now turning their attention to emerging markets for better value and a wider range of options. They believe these markets could potentially offer the next wave of successful AI companies.

Key takeaways

  • Some of the world's largest money managers are looking beyond the US for the next big artificial intelligence (AI) investments.
  • Global excitement about AI has led to a three-fold increase in Nvidia Corp's value.
  • There has also been a 50% increase in a key US index for semiconductor manufacturers in less than a year.
  • Investors are now looking towards emerging markets for better value and a larger selection of investment options.
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