Posted 12/19/2023, 5:43:00 PM
AI Investment Opportunities Abound in Emerging Markets While US Stocks Appear Overvalued
- US AI stocks are overcrowded; emerging markets offer better opportunities according to Alison Shimada of Allspring
- AI benefits emerging markets greatly, while stocks in those regions aren't overpriced
- Nvidia relies on Taiwan Semiconductor; many EM companies supply big US tech names
- Countries like China, India, and Latin America are early AI adopters in areas like autonomous driving, pharmacies, media, and e-commerce
- Top AI stock picks in emerging markets Taiwan Semiconductor, Baidu, Infosys, Mercadolibre, Globant