Nvidia, a leading graphics and AI chip maker, has blown out analysts’ quarter revenue expectations, which has caused some to reassess the impact of AI on revenue. According to a chart released by JPMorgan, Asian tech companies are expected to generate revenue from AI this year, with Nvidia leading the way at up to 60%.
Other companies include Broadcom, Marvell, Micron, and Zhongji Innolight at around 10%. Although direct AI-related exposure is small for most Asian tech firms, investors will start to price in potential in the future. The companies with higher exposure to AI in Asia are Unimicron, Aspeed, Quanta, Chroma, Elite Material, Taiwan Semiconductor Manufacturing (TSM), SK Hynix, and Zhongji Innolight.
While Taiwan’s TAIEX performed the best among other Asian bourses on June 3, home to many of the companies mentioned earlier, it is expected that AI will drive the industry these companies operate in come 2023.
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