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