Major global asset managers are looking beyond the US for the next wave of artificial intelligence (AI) winners. While the rise of AI has benefited US companies like Nvidia and semiconductor manufacturers, some investors are looking towards emerging markets for better value and a wider range of investment options. Goldman Sachs Asset Management is seeking stakes in manufacturers of AI supply-chain components, while JPMorgan Asset Management is favoring traditional electronics manufacturers that are transitioning into AI leaders. Morgan Stanley is betting on companies in non-tech sectors that are adopting AI to enhance earnings.
AI stocks are already driving a rebound in emerging markets, with Taiwanese and South Korean chip companies leading the gains. Despite this, emerging-market AI stocks still offer better value than their US peers, and emerging-market technology companies are expected to witness a faster growth in earnings compared to US counterparts. The early adopters of AI technology, which already include technology leaders such as TSMC and Hon Hai Precision, are expected to emerge as the big players in the space.
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        Amazon reported third-quarter net sales of $180.2 billion, marking a 13 percent increase compared to the previous year, driven largely by artificial intelligence initiatives throughout its Seattle-based operations.
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        Meta Platforms Inc.
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        HIMSS' Rob Havasy and PMI's Karla Eidem emphasize that healthcare organizations need to establish well-defined goals and robust data governance before developing AI tools.
        Wix, a leading website creation and management platform, has launched an innovative feature called the AI Visibility Overview, designed to help website owners better understand their sites’ presence within AI-generated search results.
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