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Feature Story
Wall Street Hunts AI Winners Beyond Nvidia in Emerging Markets
Apr 07, 2024 · bloomberg.com
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.