Updated
Updated · Bloomberg · Jun 5
Amundi Says Asia AI Rally Has Room to Run at €2.4 Trillion Firm, as Fed Risk Looms
Updated
Updated · Bloomberg · Jun 5

Amundi Says Asia AI Rally Has Room to Run at €2.4 Trillion Firm, as Fed Risk Looms

3 articles · Updated · Bloomberg · Jun 5

Summary

  • Asia’s AI-driven tech rally still looks sustainable to Amundi, which said record gains in South Korean and Taiwanese chip names do not yet amount to a bubble.
  • €2.4 trillion asset manager Amundi argued valuations remain fair because earnings expectations for companies such as Samsung Electronics and SK Hynix are exceptionally strong.
  • US rate expectations are the main threat, Alessia Berardi said, warning that any shift could unsettle the hyperscalers driving the broader AI investment cycle.
  • That leaves Asia tech’s next leg tied less to local exuberance than to whether Federal Reserve policy disrupts demand and spending across the global AI chain.

Insights

US tech giants fund Asia's AI boom with record debt. Who is more exposed if this 'circular financing' model breaks?
With Taiwan and Korea making the world's AI chips, is the bigger risk a market crash or a supply chain crisis?
As AI creates tech superpowers in Asia, are emerging economies without an AI-play being left behind for good?