Wall Street Searches for AI Winners Across Emerging Markets
- After Nvidia frenzy, investors seek better value outside US
- ‘Low-hanging fruit’ seen by manager in developing countries
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Some of the world’s biggest money managers are searching for the next wave of artificial intelligence winners beyond the US.
At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia Corp. and a 50% jump in a key US index for semiconductor manufacturers in less than a year, investors are pointing toward emerging markets for better value and a bigger pool of options.