Nov. 18 at 3:27 PM
$BAB $BIDU 200$ AI Future in Asia . Equity investors seeking exposure to the hot artificial intelligence theme should look for opportunities in Asia as US tech companies face stretched valuations, according to Saxo Markets.
"Asia offers a cheaper, more earnings-anchored route into the same megatrend," Charu Chanana, chief investment strategist at Saxo wrote in a note.
"Roughly 70 per cent of global chipmaking, 90 per cent of Al memory, and almost all advanced packaging capacity sit in Taiwan, Korea, and Japan - making the region indispensable to the Al ecosystem."