Investors look to emerging markets for the next AI trade opportunity

Investors may find the next phase of the AI trade in emerging markets, according to Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management. Speaking on CNBC's ETF Edge, Urbanowicz said Taiwan and South Korea are especially well positioned for AIrelated growth because of their role in the semiconductor and memorychip supply chains. He said valuations in those markets have not increased as much as in the U.S., leaving room for further gains, though he also noted that the U.S. remains positioned for success. The article also pointed to exchangetraded funds tied to Taiwan, South Korea, and broader emerging markets as ways investors are gaining exposure to AIrelated companies outside the United States.