0908 GMT - The recent rally in tech stocks doesn't change Morningstar's view that Asian tech stocks' valuations are relatively rich, says Lorraine Tan, director of equity research for Asia at the investment-research company. "The uptick in capital expenditures spend is also being lifted by higher input costs so cloud service providers' returns are not necessarily being enhanced," she says in an email. This implies that there is also risk that artificial-intelligence investment might be lowered, she adds. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 08, 2026 05:08 ET (09:08 GMT)
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