On September 25, Timothy Moe, the head of Asia - Pacific equity strategy at Goldman Sachs, expressed that AI - related stocks continue to be alluring, even in the face of escalating government bond yields. He highlighted that hyperscale cloud computing firms are projected to pour in roughly $800 billion in investments this year. Moreover, by 2027, the scale of such investments could surge to approximately $1.2 trillion. This trend clearly indicates a substantial demand for Asia's AI hardware supply chain. Moe also emphasized that the “exceptionally low” valuation levels in Asian markets offer robust support for relevant stocks. Presently, the overall price - to - earnings ratio of Asian stock markets hovers around 10 times, which is at a historically low point. Furthermore, the growth in corporate earnings will act as a cushion against the high - interest - rate environment. For the remaining part of the year, Moe anticipates that the market will remain “turbulent” before the U.S. midterm elections. Factors such as high energy prices and geopolitical risks are expected to exert additional pressure. Nevertheless, after the elections, propelled by corporate earnings growth and valuation rebounds, the market may witness an upswing before the year draws to a close.