BlockBeats News, May 11th, according to JPMorgan Chase's prediction, large US tech companies will invest up to $700 billion in capital expenditures by 2026, with most of it focused on building AI infrastructure.

Companies like NVIDIA, whose 90% of hardware relies on Asian suppliers. The recent estimates for this year and next year's AI capital expenditure have been increasing, benefiting Asia in the derivative products of this expenditure. The capital expenditures of large US tech companies in AI hardware mainly benefit tech companies in Asia, with a relatively small impact on the US GDP.

JPMorgan Chase emphasizes that the profit growth in emerging markets is not only more attractive but also has more reasonable valuation growth. The P/E ratio of this asset class is lower in absolute terms and is "at historically low levels" compared to developed markets. In addition, investor positions remain relatively low, and fund inflows are accelerating.