Recent strong performance in US technology giants has driven American stock markets to new highs. However, Fidelity International fund manager Hyun Ho Sohn notes that while the US market offers broad and deep technology stock choices and has long led the global tech investment landscape, the American tech sector has traditionally been dominated by a few well-known giants. This concentration of capital flowing to a limited number of tech stocks has resulted in crowded investments and elevated valuations.

In contrast, markets outside the US offer numerous technology stocks with strong fundamentals that remain significantly undervalued, making them worthy of investor consideration. These tech companies hold leading positions in their respective specialized fields and continue building robust ecosystems within their domains. Through decades of accumulated experience and expertise, they have formed tightly integrated supply chains comprising seasoned engineers, specialized suppliers, and related infrastructure - ecosystems that are difficult to replicate.

Looking at Asia, technology stocks in the Chinese mainland market are becoming increasingly attractive. China has already secured leading positions in technological fields such as electric vehicles, batteries, and robotics. Under the national policy of promoting domestic substitution to achieve technological self-reliance and strength, China's technology ecosystem is expected to strengthen further.

Facing resource constraints, most Chinese technology companies have developed high cost-effectiveness. Some enterprises are gradually showing advantages in emerging technology fields such as semiconductor equipment, e-commerce, and analog semiconductors, with China's influence in the technology sector growing daily.

Many Chinese technology stocks possess favorable factors including strong fundamentals, solid balance sheets, and excellent management teams. Additionally, under China's development policy of enhancing stock market attractiveness, regulatory authorities have strengthened oversight of listed companies and are actively promoting enterprises to reward shareholders through share buybacks and increased dividends. In recent years, Chinese listed companies have become more focused on shareholder returns, making the market increasingly investment-attractive.

Furthermore, despite the Chinese market's recovery this year, many technology stock valuations remain at attractive levels.

Beyond the mainland market, Taiwan's semiconductor industry also presents investment opportunities. Not only does it possess industry-leading manufacturing technology, but its scale and reliability make it difficult for competitors in other regions to replicate.

In the Japanese market, as Japanese e-commerce companies improve penetration rates in the domestic e-commerce and digital advertising markets, they provide growth opportunities for Japanese internet enterprises.

The European market features strong business-to-business (B2B) companies in information technology, payments, and telecommunications equipment sectors, with payment giants presenting emerging investment opportunities. European electronic payment regulations, advancing electronic payment technology, and consumers' continued preference for electronic payments will bring business growth opportunities to payment platforms.

The European market contains globally competitive electronic payment platforms, with some payment giants potentially benefiting from European payment industry consolidation, demonstrating investment value.

European stocks also include leading semiconductor equipment companies that dominate semiconductor assembly and packaging equipment, as well as companies leading in hybrid bonding, an advanced packaging technology. Advanced packaging represents structural growth in the semiconductor industry, driven by shifts in the semiconductor manufacturing ecosystem toward demanding improved performance of produced chips while enhancing production efficiency.

Despite the regional advantages of Asian and European technology stocks, one should not overlook the leading position of US technology giants in the global tech landscape. The US market still offers attractive investment opportunities, with leading cloud computing companies and social media firms having solid growth prospects. There are also undervalued analog semiconductor companies in automotive and industrial sectors, AI software suppliers, and hardware companies expected to benefit from AI-driven computer equipment upgrades.

Facing constantly changing geopolitical situations and an environment with increasing market demand for supply chain resilience, a balanced investment strategy is crucial. Investors should maintain a broad perspective to ensure they can capture structural growth opportunities in fields such as AI, semiconductors, electronic payments, and e-commerce, thereby benefiting from long-term trends in global technological innovation.