Emerging Markets: AI Boom Set to Drive Investment Returns for Years

Emerging Markets & AI Investment Thesis - Emerging market funds are investing in tech, anticipating AI will drive returns over the next decade [1] - Emerging markets offer a "hedged portfolio" approach to AI investment, with potential winners in both US and China [3][4] - Regardless of who leads in AI, emerging markets have a chance at winning the race [4] Valuation & Market Dynamics - Emerging market AI stocks, such as TSMC (18x) and Alibaba (13x), have reasonable valuations compared to NVIDIA (35x forward earnings) [5] - The AI trend in Asia is a megatrend with generational opportunity, progressing steadily despite fluctuations in risk sentiment [6] - The rally is currently focused on major companies [5]