Returns from the global AI-driven capital expenditure boom remain uncertain, CGS
International analyst Lim Siew Khee said, noting markets are pricing in
prolonged semiconductor capacity constraints despite the sector’s cyclical
nature. US equities recently hit fresh highs on liquidity and tech momentum,
with earnings revisions improving across Asia’s supply chain. However, potential
inflation volatility from oil supply shocks could trigger rate swings and
disrupt global equity valuations.
