Asian Chips Stocks Are the Place to Be: Credit Suisse

The video discusses the performance of Asian tech stocks, highlighting their resilience compared to US tech stocks. It explores the dynamics of market valuations, investor behavior, and the impact of foreign and domestic investments. The discussion extends to earnings upgrades in various tech segments, driven by demand and inventory factors. The video also delves into the rapid adoption of 5G in China and the opportunities in cloud computing, emphasizing the significance of semiconductors in capturing high-end value.

What has been the primary driver of the recent rally in Asian tech stocks?

• Foreign institutional investors

• Domestic investors

• US tech stock performance

• Government policies

How do Asian tech valuations compare to US tech valuations?

• US tech valuations have not risen

• Both are in the irrational zone

• Asian tech valuations are more expensive

• Asian tech valuations are cheaper

Which trend has significantly contributed to earnings upgrades in the tech sector?

• Increased foreign investment

• Work-from-home and study-from-home

• Rise in traditional office work

• Decline in hardware sales

What percentage of new smartphone sales in China were 5G by July and August?

• 30%

• 50%

• 60%

• 70%

What is the expected impact of 5G and cloud data centers on the semiconductor industry?

• No significant impact

• Shift to low-end products

• Decrease in demand

• Increase in high-end value capture

Which area within semiconductors is considered a strong bet for the future?

• Central processing units

• Analog semiconductors

• Memory

• Graphics processing units

What has been a significant challenge for the global rollout of 5G?

• High costs

• Excessive supply

• Extended lockdowns

• Lack of consumer interest