Asian manufacturers are cashing in on AI now while the US waits for its payoff

Bloomberg reports stronger growth forecasts for AI hardware exporters, alongside exposure to a possible downturn. South Korea and Taiwan have recorded year-over-year export increases of around 80% and 60%, respectively, as demand for chips and other AI equipment rises, according to the report. Growth forecasts for Asian economies supplying the buildout have also increased. US technology investment is supporting data center construction, software and equipment spending. Bloomberg Economics says the boost may exceed what official statistics capture, but US GDP forecasts in Bloomberg surveys have changed little over the past year.

Source: Crypto Briefing