Deutsche Bank: AI investment is beneficial for Asia, but volatility risk is emerging

The research department of Deutsche Bank stated that the global AI investment theme is favorable for Asia, but the ongoing debate over valuation and ownership could intensify market volatility. The bank noted in a report that investments by AI super-scale cloud service providers are crucial for the growth and stock performance in the United States and are also a key driver of demand in Asia. The bank mentioned that the rise in DRAM prices, strong orders from major tech manufacturers, and accelerated exports from tech-focused economies like Singapore and Malaysia indicate that this theme will continue to provide support in the coming quarters, although it may become more volatile. The bank mentioned that the final winners and losers may not become clear until long after 2026.