the global view: the emerging markets to benefit from US rate cuts 04.09.24

Key points:

Resetting expectations for Nvidia due to overinvestment in generative AI.
Broader market analysis with upcoming US interest rate cuts impact.
Promising growth in Vietnam’s tech sector backed by substantial foreign investments.

Sam Ruiz from T. Rowe Price shares insights on tech stocks, focusing on Nvidia (NASDAQ: NVDA). He notes that Nvidia's growth expectations are being reset due to an oversupply of capital expenditure from major tech firms investing in generative AI, causing potential valuation adjustments.

Sam highlights how the S&P 500's performance is dissected by removing Nvidia, showing broader market distinctions. He also discusses the forthcoming US interest rate cut, stressing its potential impact on economies, particularly emerging markets which could see sentiment shifts if the US dollar weakens.

In terms of emerging markets, Sam identifies promising opportunities in countries like Vietnam, Indonesia, and the Philippines. Vietnam stands out for its strong demographic and structural advantages, including a skilled workforce and significant foreign investments, particularly from companies like Samsung and Nvidia.

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Видео the global view: the emerging markets to benefit from US rate cuts 04.09.24 канала ausbiz