Shifting Sands of AI: Asian Tech Underdogs Rise as Big Names Falter

Investors are reassessing their bets in Asia’s technology sector amidst the fading excitement surrounding large language models (LLMs). Concerns about overvalued stocks and shifting market conditions have led to a re-evaluation of AI investments, prompting a shift towards smaller companies. MediaTek Inc. and Zhongji Innolight Co., two lesser-known players, are now attracting more attention as investors look for cost-effective solutions in the AI race.