Vivek Arya, US semiconductor and semiconductor capital equipment analyst at BofA Global Research, said that while infrastructure cycles are typically long-term, the AI cycle, which took off with the ChatGPT boom at the end of 2022, will only be in its third year by the end of 2025, meaning that it is still far from peaking and could last a decade.
This year, leading mega-cap companies were spending more than USD1 billion per day on AI infrastructure, with annual spending expected to exceed USD400 billion, Arya disclosed.
As for investment opportunities in AI across the Asia-Pacific region, Winnie Wu, Co-Head of China Research, Chief China Strategist, and Head of APAC Financials Research at BofA, noted that China is committed to advancing the development of its own AI ecosystem despite export controls.
Given that China and South Korea are at the forefront of AI applications, Wu believes this could challenge structurally bearish views on their equity markets and help lift valuation multiples.
~
AAStocks Financial News
Web Site: www.aastocks.com
| SG Top Picks |
| Stock & Type |
Code |
Strike(Call Level) |
Last |
Effective Gearing |
| TENCT (C) |
20304 |
838.5 (-) |
0.127 |
8.7 X |
| TENCT (C) |
19096 |
728.5 (-) |
0.219 |
9.1 X |
| TENCT (C) |
17040 |
700.5 (-) |
0.225 |
10.0 X |
| TENCT (P) |
18464 |
539.5 (-) |
0.027 |
7.9 X |
| TENCT (P) |
20306 |
510.38 (-) |
0.082 |
8.6 X |
| TENCT (P) |
19650 |
480.68 (-) |
0.066 |
8.2 X |
| TENCT (P) |
19153 |
468.48 (-) |
0.033 |
10.0 X |
| TENCT (Bull) |
56199 |
608 (611) |
0.083 |
15.5 X |
| TENCT (Bull) |
56186 |
598 (601) |
0.105 |
12.3 X |
| TENCT (Bear) |
69236 |
688 (685) |
0.071 |
18.1 X |
| TENCT (Bear) |
69188 |
668 (665) |
0.042 |
30.6 X |
| KUASO (C) |
20352 |
96 (-) |
0.165 |
3.7 X |
| KUASO (C) |
15289 |
91.05 (-) |
0.059 |
7.1 X |
| KUASO (P) |
19797 |
68.33 (-) |
0.135 |
3.5 X |
| KUASO (P) |
18456 |
49.83 (-) |
0.093 |
2.4 X |
| KUASO (Bull) |
59195 |
64.3 (66.8) |
0.115 |
6.5 X |
| KUASO (Bull) |
58373 |
60.3 (62.8) |
0.157 |
4.8 X |
| KUASO (Bear) |
59208 |
85.5 (83) |
0.092 |
8.2 X |
| KUASO (Bear) |
55282 |
80.5 (78) |
0.054 |
13.9 X |
| XIAOMI (C) |
15358 |
68.05 (-) |
0.049 |
6.5 X |
| XIAOMI (C) |
15359 |
63.93 (-) |
0.054 |
6.9 X |
| XIAOMI (C) |
14470 |
61 (-) |
0.056 |
7.4 X |
| XIAOMI (P) |
14219 |
46.45 (-) |
0.069 |
3.8 X |
| XIAOMI (P) |
16080 |
38.53 (-) |
0.031 |
4.3 X |
| XIAOMI (Bull) |
54816 |
52.2 (52.6) |
0.034 |
16.2 X |
| XIAOMI (Bull) |
62108 |
49.6 (50) |
0.063 |
8.8 X |
| XIAOMI (Bear) |
61496 |
59.5 (59.1) |
0.036 |
15.3 X |
| XIAOMI (Bear) |
62123 |
57.6 (57.2) |
0.020 |
27.6 X |
| LI (C) |
17186 |
138.98 (-) |
0.042 |
5.1 X |
| LI (Bull) |
55164 |
80.9 (84.9) |
0.027 |
6.9 X |
| LI (Bull) |
62637 |
74.8 (78.8) |
0.042 |
4.4 X |
| LI (Bear) |
62666 |
124 (120) |
0.275 |
3.4 X |
| MTUAN (C) |
19901 |
138.98 (-) |
0.041 |
7.2 X |
| MTUAN (C) |
19702 |
131.98 (-) |
0.066 |
4.5 X |
| MTUAN (C) |
19224 |
120.1 (-) |
0.034 |
7.2 X |
| MTUAN (C) |
20106 |
108.98 (-) |
0.087 |
4.9 X |
| MTUAN (P) |
19492 |
99.94 (-) |
0.285 |
3.1 X |
| MTUAN (Bull) |
55947 |
90 (92.5) |
0.015 |
12.9 X |
| MTUAN (Bull) |
54114 |
88 (90.5) |
0.020 |
9.7 X |
| MTUAN (Bear) |
54195 |
110.5 (108) |
0.117 |
8.3 X |
| MTUAN (Bear) |
56202 |
105.5 (103) |
0.079 |
12.2 X |
| JDCOM (C) |
19489 |
146.09 (-) |
0.221 |
5.2 X |
| JDCOM (Bull) |
54839 |
111.3 (113.8) |
0.210 |
6.3 X |
| JDCOM (Bull) |
68009 |
106.5 (109) |
0.051 |
5.2 X |
| JDCOM (Bear) |
63112 |
152.5 (150) |
0.041 |
6.4 X |
| JDCOM (Bear) |
57933 |
144 (141.5) |
0.024 |
11.0 X |
| ALIBA (C) |
14957 |
178.98 (-) |
0.036 |
9.6 X |
| ALIBA (C) |
14651 |
172.98 (-) |
0.094 |
6.1 X |
| ALIBA (C) |
15287 |
170.1 (-) |
0.134 |
4.9 X |
| ALIBA (P) |
20353 |
121.9 (-) |
0.067 |
4.5 X |
| ALIBA (P) |
14223 |
117.58 (-) |
0.019 |
8.3 X |
| ALIBA (P) |
20058 |
115.5 (-) |
0.061 |
4.3 X |
| ALIBA (P) |
19795 |
108.58 (-) |
0.046 |
6.3 X |
| ALIBA (Bull) |
56226 |
136.9 (138.4) |
0.032 |
9.4 X |
| ALIBA (Bull) |
56196 |
132 (133.5) |
0.042 |
7.2 X |
| ALIBA (Bear) |
58445 |
166.5 (165) |
0.029 |
10.4 X |
| ALIBA (Bear) |
56254 |
162 (160.5) |
0.021 |
14.4 X |
| APPLE (C) |
10758 |
243 (-) |
0.260 |
6.6 X |
| APPLE (C) |
10614 |
236 (-) |
0.069 |
20.0 X |
| APPLE (P) |
10793 |
210 (-) |
0.201 |
5.1 X |
| APPLE (P) |
10678 |
170 (-) |
0.024 |
9.5 X |
| Nvidia (C) |
10721 |
175 (-) |
0.330 |
4.9 X |
| Nvidia (P) |
10714 |
125 (-) |
0.053 |
5.4 X |
