Before tech stocks plummeted in the US overnight, executives at a private wealth conference in Hong Kong have highlighted AI infrastructure as a versatile “defence plus growth” investment opportunity, while cautioning investors against portfolios that are overreliant on artificial intelligence.
“Infrastructure opportunities now really lie at the bottleneck of solving [AI’s] demands within structural growth,” the head of managed investments and Hong Kong wealth solutions at Standard Chartered Bank, Sabina Chiang, said during a panel discussion at the Private Wealth Management Association’s annual summit on Thursday.
“AI might be digital, but a lot of the constraints around it are still largely physical,” she said, pointing to demand for data centres, telecoms towers, fibre networks and different sources of power, including nuclear, solar, battery and grids.