Why Emerging Markets Are Surging: AI, Semiconductors, and Long-Term Potential

Bullish Gator

Fidelity PM explores the 2026 emerging markets rally, AI-driven semiconductor leadership, regional winners, risks, and portfolio allocation considerations.

Editorial companion

What stands out

Fidelity's Market Sense episode makes the blunt case that 2026 has become an emerging-markets year, driven not by a single rallying theme but by Asian semiconductor demand and China-based innovation. That matters because artificial intelligence (AI)-related capex can reroute global trade and capital flows, lifting suppliers and financial plumbing across borders. For anyone owning global-fintech names like Fidelity National Information Services (FIS), the segment-level detail matters more than the headline, rising EM volumes do not automatically translate into company revenue or margin gains.