AI boom powers Asia ETFs, Michigan jackpot, Alphabet yen bonds

MSN
2026.05.12 03:53
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Asia ETFs, particularly those linked to AI in Taiwan and South Korea, have surged by up to 239% over the past year, significantly outperforming U.S. benchmarks. The University of Michigan's $20 million investment in OpenAI is projected to yield $2 billion, marking a substantial gain for public endowments. Additionally, Alphabet is set to conduct its first yen bond sale to finance extensive AI infrastructure investments, contributing to a $700 billion industry expenditure.