The room marked ‘AI’

• AI is drawing attention to emerging markets, but the opportunity is broader than one crowded theme • Baillie Gifford’s Emerging Markets Team backs AI beneficiaries such as TSMC, Samsung and SK Hynix with conviction, while testing each case against facts on the ground • Beyond AI hardware, emerging markets still offer multiple ways for client portfolios to compound over time For us, rising index concentration in AI hardware names largely means two key things: 1. As owners of these index giants, we must have a differentiated view from the market on each of them and where their future...