0313 GMT - In Taiwan's equity market, Citi prefers non-AI names with decent dividend yields and solid earnings growth outlooks, given macro uncertainties and concerns about the sustainability of AI investment. Most AI supply chain share prices have corrected more than 15% so far this year, Citi analysts say in a research note. "While we believe the long-term structural growth trend on AI remains intact, we see near-term share prices might be volatile," they say. The analysts note a reset in expectations for AI downstream names due to slower shipments of Nvidia's GB200 and potential U.S. AI technology export controls. Citi prefers United Microelectronics Corp., Novatek, and MediaTek. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 03, 2025 23:13 ET (03:13 GMT)
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