Investing.com — Investors are increasingly turning to Asian technology suppliers and infrastructure companies as potential beneficiaries of the next phase of artificial intelligence spending, Bloomberg reported on Sunday.
The shift comes as major AI companies, including SpaceX, OpenAI, and Anthropic, prepare large capital raises that could fuel another wave of investment in data centers, computing infrastructure, and related technologies.
According to the report, the three companies could collectively raise tens of billions of dollars, adding to more than $750 billion already committed by major technology firms to AI-related capital expenditures.
While Asian chipmakers such as , , and have been among the biggest beneficiaries of the AI boom, some investors are now seeking opportunities further down the supply chain.
Market participants cited concerns that valuations of leading semiconductor stocks have become stretched following strong gains driven by demand for AI chips and data-center equipment.
Instead, attention is shifting to companies that produce electronic components, advanced packaging materials, cooling systems, power equipment, and server-related products.
and Japan’s were identified among companies that have benefited from growing investor interest in suppliers tied to AI infrastructure.
The report said demand is also expanding beyond semiconductor manufacturing into areas such as server assembly, optical connectivity, testing, and power management.
Several investors highlighted Taiwan’s , , and among companies positioned to benefit from continued AI-related spending.
Another area attracting attention is energy infrastructure. The rapid expansion of data centers has increased focus on electricity generation and transmission, prompting investors to look at companies involved in power equipment, nuclear energy, and renewable energy projects.
In South Korea, and Daewoo Engineering & Construction have been among the stronger-performing stocks this year as investors position for rising energy demand linked to AI development.
Some investors are also targeting companies involved in robotics and autonomous systems, areas often referred to as “physical AI,” which have gained momentum through partnerships with companies such as Nvidia.
The report noted that many investors expect AI infrastructure spending to continue for years, supporting demand across a broader range of companies than the semiconductor leaders that dominated the initial phase of the rally.
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