Major investment firms worldwide are seeking the next generation of artificial intelligence (AI) leaders beyond the borders of the United States. Despite the significant rise in the valuation of Nvidia Corp. and a notable increase in a key American semiconductor index, propelled by global enthusiasm for AI, investors are now turning their attention to emerging markets for greater value and a wider array of investment opportunities. Reliance Industries Ltd., led by billionaire Mukesh Ambani, stands out among these emerging players
Reliance Industries: AI stocks are already leading a $1.9 trillion rebound in emerging markets this year, with Taiwanese and South Korean chip companies such as Taiwan Semiconductor Manufacturing Co. and SK Hynix Inc. accounting for 90% of the gains, according to data compiled by Bloomberg.
At a time when the global euphoria about AI has propelled a three-fold surge in Nvidia’s stock, investors are pointing toward emerging markets for better value and a bigger pool of options.