On May 14, emerging market stocks continued their upward trajectory for the third consecutive day this week. This surge was particularly notable in technology companies, fueled mainly by positive expectations regarding the demand for artificial intelligence hardware and services. The benchmark MSCI Emerging Markets Index experienced a 0.7% increase, accumulating to a total rise of over 7% for the month. Notably, the stocks of TSMC, Alibaba, and Samsung Electronics accounted for a staggering 105% of the index's gain; had it not been for the upward pull from these three stocks, the overall index would have faced a decline. Since the beginning of April, chip manufacturers have been at the forefront of the market rebound, with upward revisions in corporate earnings effectively countering concerns about inflation. While the information technology sector witnessed a 1.4% rise on Thursday, sectors such as utilities, energy, and industrials experienced declines, underscoring a notable divergence between Asian technology stocks and other emerging market industries.