The Financial Post reports in its Wednesday, April 10, edition that some of the world's largest money managers are seeking the next wave of artificial intelligence winners beyond the United States. A Bloomberg dispatch to the Post reports that despite the global excitement regarding AI, which has led to a threefold increase in Nvidia and a 50-per-cent surge in a key U.S. index for semiconductor producers in less than a year, investors are looking toward emerging markets for better value and a wider range of options. Goldman Sachs Group's asset management division is specifically seeking investments in the manufacturers of AI supply-chain components, such as cooling systems and power supplies. JPMorgan favours traditional electronics manufacturers that are transforming into AI leaders, while Morgan Stanley's investment managers are betting on players where AI is changing business models in non-tech industries. Morgan Stanley's Jitania Kandhari says: "We see AI as a growth driver in emerging markets. While we have previously invested in direct AI beneficiaries like semiconductors, going forward, it will be key to look for companies in different industries that are adopting AI to enhance earnings."