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Schroders Fund Manager Sees AI Agents as the Next Catalyst for Computing Demand

Electronic Technology · Semiconductors · economic_daily · 2026-09-03

Schroders Taiwan fund manager Ko Hung-min highlights that the shift toward AI Agents is driving sustained demand for computing power and causing a divergence in the tech sector.

What Happened

AI Agents Driving Computing Demand: Schroders fund manager Ko Hung-min notes that the evolution from simple AI models to AI Agents requires more complex reasoning and memory, significantly increasing the demand for computing resources. This shift elevates the importance of CPUs alongside GPUs for managing system workflows and complex task execution.

Market Indicators Show Growth: Data indicates that computing prices have rebounded since Q1 2026, while daily token usage has tripled since February. These trends confirm that cloud service providers are aggressively expanding capital expenditures to support the growing infrastructure needs of AI Agent applications.

Sector Divergence and Supply Constraints: Ko warns that not all tech companies will benefit equally from the AI boom, as the market is experiencing significant internal divergence. The intense demand for high-end components in AI servers may squeeze supply for consumer electronics, leading to higher costs and potential margin pressure for non-AI-focused tech firms.

Investment Strategy: To mitigate market volatility, Schroders recommends a dollar-cost averaging approach for long-term investors. Utilizing low-fee investment vehicles like TISA-type funds can help investors build wealth systematically while avoiding the pitfalls of short-term market timing.

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