来源：智通财经
作者：庄礼佳
投资者正在抢购亚洲科技硬件出口商的股票，原因是这些股票受到人们对人工智能的兴趣以及芯片行业正在出现转机的迹象的提振，而对美国经济增长放缓的担忧加剧几乎没有削弱这些股票的涨势。高盛的一篮子亚洲对美出口公司的股票今年以来飙升了12%以上，其中以SK海力士和$台积电(TSM.US)$等硬件类股为主。相比之下，摩根士丹利资本国际亚太指数上涨了3%，$标普500指数(.SPX.US)$上涨了7.2%。
Maybank Securities大宗经纪交易主管Tareck Horchani表示，投资者正在“追逐科技硬件制造商，更具体地说，是那些与芯片相关的制造商。考虑到人工智能相关的开发和应用的激增，这是有道理的”。
自去年年底OpenAI推出生成式人工智能ChatGPT以来，人们对人工智能的兴趣呈爆炸性增长，促使科技公司们纷纷推出与之竞争的人工智能工具和驱动这些工具的芯片。人工智能也已成为决定公司股价表现的关键因素。
在人工智能芯片市场领导者$英伟达(NVDA.US)$公布了乐观的业绩指引之后，人们预期人工智能芯片需求将不断增长。亚洲芯片类股周四上涨，日本的半导体设备制造商Advantest Corp.股价飙升至创纪录水平。
此外，随着3月份全球芯片销售迎来10个月来首次上升，人们越来越相信电子产品周期已经触底。对芯片需求好转的预期也推动了中国台湾和韩国的股市成为今年亚洲表现最好的股市之一。
Gavekal Research的亚洲分析师Vincent Tsui表示：“在过去的周期中，中国台湾和韩国股市的早期大涨预示着基本面状况的改善，这种改善往往是自我维持的，并导致股市的表现进一步走强。”“明确的价格信号和半导体行业良好的基本面表明，这个市场仍值得买入。”
当然，芯片行业的复苏仍处于初级阶段，该行业的表现仍可能受到地缘政治因素的影响。例如，在日本采取措施限制芯片制造技术出口后，日本芯片股的涨势受挫，而中国台湾的半导体制造业产出在4月份继续下滑。值得注意的是，亚洲芯片类股的反弹仍落后于美国，高盛亚洲出口商指数的涨幅也仅为纳斯达克100指数和费城半导体指数涨幅的一半左右。
法国巴黎银行资产管理公司的亚洲及全球新兴市场股票主管Zhikai Chen表示，尽管美国的温和衰退将对亚洲的出口导向型经济体产生影响，但它们仍“有重新开放、恢复旅游的有利条件，这将在一定程度上支持经济增长”。
编辑/Hoten
Source: Zhitong Finance
Author: Zhuang Lijia
Investors are snapping up shares of Asian tech hardware exporters because these stocks are boosted by interest in artificial intelligence and signs that the chip industry is turning around, and heightened concerns about a slowdown in US economic growth have done little to dampen the gains in these stocks.The shares of Goldman Sachs's basket of Asian export companies to the US have soared by more than 12% this year, including SK Hynix and$Taiwan Semiconductor(TSM.US)$Mainly hardware stocks, etc. In contrast, the Morgan Stanley Capital International Asia Pacific Index rose 3%.$S&P 500 index(.SPX.US)$It's up 7.2%.
Tareck Horchani, head of commodity brokerage transactions at Maybank Securities, said investors are “chasing tech hardware manufacturers, more specifically, chip-related manufacturers. This makes sense given the surge in AI-related development and applications”.
Since OpenAI launched the generative artificial intelligence ChatGPT at the end of last year, interest in artificial intelligence has exploded, prompting technology companies to launch competing artificial intelligence tools and the chips that drive these tools. Artificial intelligence has also become a key factor in determining a company's stock price performance.
Market leader in artificial intelligence chips$NVIDIA(NVDA.US)$After the release of optimistic performance guidelines, people expect demand for artificial intelligence chips to continue to grow. Asian chip stocks rose on Thursday, and Japan's semiconductor equipment manufacturer Advantest Corp. shares soared to record levels.
Furthermore, as global chip sales rose for the first time in 10 months in March, people are increasingly convinced that the electronics cycle has bottomed out. Expectations that demand for chips will improve have also driven the stock markets of Taiwan and South Korea to become one of the best performing stock markets in Asia this year.
Vincent Tsui, an Asian analyst at Gavekal Research, said, “In the past cycle, early surges in the Taiwanese and South Korean stock markets heralded improvements in fundamental conditions. This improvement was often self-sustaining and led to further strengthening of stock market performance.” “Clear price signals and the good fundamentals of the semiconductor industry suggest that this market is still worth buying.”
Of course, the chip industry's recovery is still in its infancy, and the industry's performance may still be affected by geopolitical factors.For example, after Japan took measures to restrict exports of chip manufacturing technology, the rise in Japanese chip stocks suffered a setback, while Taiwan's semiconductor manufacturing output continued to decline in April. It is worth noting that the rebound in Asian chip stocks is still lagging behind the US, and the increase in Goldman Sachs's Asian Exporter Index is only about half of the increase in the NASDAQ 100 Index and the Philadelphia Semiconductor Index.
Zhikai Chen, head of equity in Asian and global emerging markets at BNP Paribas Asset Management, said,Although America's mild recession will have an impact on Asia's export-oriented economies, they still “have favorable conditions for reopening and resuming tourism, which will support economic growth to a certain extent.”
Editor/Hoten
