Investors are betting on Asian companies poised to benefit from a surge in technology spending linked to major fundraising efforts by US AI firms such as SpaceX, Anthropic PBC, and OpenAI. The expectation is that these companies will drive demand for server parts, specialized materials, and power equipment, potentially catalyzing a new growth phase in Asian stock markets. Notably, hardware firms have already seen significant gains from the data-center expansion, with chipmakers like Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co. reaching trillion-dollar valuations. However, some investors are cautious about these high valuations and are shifting focus towards electronic component manufacturers. Companies like South Korea's Samsung Electro-Mechanics and Japan's Ibiden are performing well, while even less obvious players, such as Japanese toilet maker Toto, are gaining attention for their contributions to chipmaking materials. As AI infrastructure spending increases, the resulting semiconductor shortages are prompting a broader investment strategy that looks beyond traditional chipmakers.