Top Taiwan Tech Fund Says There’s Still More Juice in AI Rally
- Tech stocks have weakened on geopolitics, valuation concerns
- Fund focused on Taiwan, Japan names linked to AI supply chain
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A top-performing Taiwan tech fund expects sustained demand for AI to keep driving an upward trend in the semiconductor cycle, despite growing doubts that valuations in the sector are too hot.
The NT$1.37 billion ($42 million) UPAMC New Asian Technology and Energy Fund, run by Uni-President Asset Management Corp.’s Sam Kuo, is up 45% this year, according to data compiled by Bloomberg. It’s outperformed 98% of peers. The fund’s biggest holdings include Nvidia Corp., Taiwan Semiconductor Manufacturing Co. and Micron Technology Inc.