Asia Stocks Are Winning as Citrini's Vision of AI Dystopia Rattles Markets

Citrini Research’s vision of a dystopian future shaped by artificial intelligence is reinforcing bets that Asia will emerge as a winner of the AI disruption, thanks to its wealth of companies like chipmakers, in contrast to the turmoil hitting parts of the US market.

The heavy concentration of advanced chip manufacturers, semiconductor foundries and assemblers, alongside freshly listed AI-related stocks in China, has increasingly lured investors to Asia. Alap Shah, chief investment officer at Lotus Technology Management and co-author of the report by Citrini — a little-known firm founded by James van Geelen — said in a Bloomberg TV interview that semiconductors, data centers and foundation labs are key beneficiaries of the AI trade.