{"slug": "asias-ai-rally-is-narrowing-but-the-opportunity-is-also-broadening", "title": "Asia’s AI rally is narrowing. But the opportunity is also broadening", "summary": "The first phase of Asia's AI rally, focused on semiconductor leaders and hardware suppliers in Taiwan and South Korea, is narrowing, but the opportunity is broadening as investors seek companies with better entry points and more specific earnings drivers. Goldman Sachs Global Institute estimates annual AI capital expenditure will reach US$765 billion in 2026 and US$1.6 trillion by 2031.", "body_md": "# Asia’s AI rally is narrowing. But the opportunity is also broadening\n\nInvestors may find companies that offer better entry points, more specific earnings drivers and less crowded positioning\n\nARTIFICIAL intelligence has changed the way investors look at Asian equities.\n\nThe first phase was easy to understand: buy the visible beneficiaries. These are the semiconductor leaders, memory makers, foundries, hardware suppliers and companies closest to global AI infrastructure spending.\n\nThat trade was not wrong. Taiwan and South Korea have become critical toll booths of the digital economy. The capital expenditure cycle is real: Goldman Sachs Global Institute estimates annual AI capital expenditure at US$765 billion in 2026, rising to US$1.6 trillion by 2031.\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nHow I knew I was ready to retire at 50\n\nCoinbase to expand Singapore operations, grow headcount to 200 despite global restructuring\n\nEarly payout from Philippines’ Maharlika Investment Fund raises eyebrows over its true nature\n\nLermit Road bungalow owned by family of Dennis Lee’s son on the market at S$98.8 million", "url": "https://wpnews.pro/news/asias-ai-rally-is-narrowing-but-the-opportunity-is-also-broadening", "canonical_source": "https://www.businesstimes.com.sg/opinion-features/asias-ai-rally-narrowing-opportunity-also-broadening", "published_at": "2026-07-23 05:36:20+00:00", "updated_at": "2026-07-23 05:52:58.773810+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-infrastructure"], "entities": ["Goldman Sachs Global Institute", "Taiwan", "South Korea"], "alternates": {"html": "https://wpnews.pro/news/asias-ai-rally-is-narrowing-but-the-opportunity-is-also-broadening", "markdown": "https://wpnews.pro/news/asias-ai-rally-is-narrowing-but-the-opportunity-is-also-broadening.md", "text": "https://wpnews.pro/news/asias-ai-rally-is-narrowing-but-the-opportunity-is-also-broadening.txt", "jsonld": "https://wpnews.pro/news/asias-ai-rally-is-narrowing-but-the-opportunity-is-also-broadening.jsonld"}}