Hedge funds turn to South Korea for next wave in AI

Hedge funds turn to South Korea for next wave in AI

FILE PHOTO: AI (Artificial Intelligence) letters and robot hand are placed on computer motherboard in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Hedge funds hunting for artificial intelligence-related stock market bargains are rushing into South Korea’s chipmakers, betting a new wave of demand for high-end memory chips and government spending makes them more valuable.