According to Taiwan media UDN, Fidelity International pointed out that the two themes of energy and artificial intelligence (AI) will reshape global and Asian markets. Asia is becoming a new hub for AI, driving next-generation technological innovation from semiconductors to robotics. Taiwan and South Korea will be its clearest beneficiaries, while investment opportunities also exist in mainland China and Japan.

Liu Peiqian (Liu Peiqian), Asia Economist at Fidelity International, stated at an investment forum on the 11th that "geopolitical fragmentation and the rapid expansion of AI infrastructure are transforming the global economy into one of greater capital intensity and supply constraints." He noted that tensions in the Strait of Hormuz are accelerating fluctuations in shipping costs, insurance premiums, and crude oil prices, and governments worldwide are increasingly prioritizing energy security over cost efficiency, which reflects a clear shift in awareness.

On the other hand, he pointed out that "the AI revolution will bring a second wave of structural inflationary pressure." "Investment in AI will increase demand not only for semiconductors and servers, but also for copper, steel, electricity, and industrial equipment. While AI has the potential to boost productivity and reduce costs in the long term, in the short term, it will intensify competition for scarce infrastructure and energy resources, leading to reflationary impacts on the overall economy."

Regarding Asia, he said, "It is at the heart of this transformation." "Taiwan and South Korea will be the clearest beneficiaries due to demand for semiconductors, servers, and advanced manufacturing. Taiwan's export orders, primarily driven by AI demand, increased by over 40% year-on-year. South Korea's semiconductor exports are also showing a remarkable rebound with the recovery of global memory demand."

Regarding Japan, he noted that "it is gradually transforming into a strategic industrial hub, benefiting from the diversification of global supply chains and trends in semiconductor investment." As for mainland China, he pointed out that "while green technology supply chains are expected to benefit from global electrification demand amidst intensifying global economic rivalry, sluggish domestic demand and a subdued real estate sector continue to exert deflationary pressure."

Dale Nicholls, Portfolio Manager at Fidelity International, analyzed that "Asian investors are focusing on Taiwan and South Korea, driven by robust demand for semiconductors, AI infrastructure, and advanced hardware in recent months. Taiwan recently surpassed India to become the world's fifth-largest stock market. South Korea's tech stocks are benefiting from market optimism regarding demand for memory chips and AI-related products." As for mainland China, he said that "technological innovation is expanding from traditional AI infrastructure to robotics, automation, electrification, advanced manufacturing, and AI applications," and Fidelity will continue to focus on identifying companies with structural growth potential in the market, high competitiveness, a clear path to commercialization, and the ability to create significant long-term value.