JPMorgan Fund Bets on Catch-Up Rally Lifting Asian Chip Stocks
- Asian semiconductor companies may see valuation re-rating: Cox
- Nvidia-led rollout of AI servers to fuel growth of Asian firms
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Chip stocks in Asia have room to rally further given their cheaper valuation compared to US peers, according to a top fund manager.
Oliver Cox, who co-manages the $1.2 billion JPMorgan SAR Asian Fund, expects sales growth to accelerate for companies along the chip supply chain in Taiwan, Japan and South Korea, as the artificial intelligence boom continues unabated. Investment in the region’s chip stocks has helped the fund beat 97% of peers over the past five years, Bloomberg-compiled data show.