AI chip rally faces reality check, but bubble fears may be overdone: Adrian Mowat

South Korean chip stocks are experiencing a temporary dip, not an AI bubble burst, according to EM-Equity Strategist Adrian Mowat. He attributes the volatility to strong earnings revisions driven by tight supply and demand. The next phase requires companies to show AI-driven revenue growth and cost reductions. Indian IT firms could see sentiment improve by demonstrating AI’s tangible benefits to clients.

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