Where investors may find the next 'big wave' for AI trade

Key points

• The next massive gains in artificial intelligence may come from thousands of miles away.
• Tim Urbanowicz, chief investment strategist at Innovator from Goldman Sachs Asset Management, is urging investors to look beyond their backyards to the emerging markets.
• "[It's] where a lot of the big money can be made on the AI trade," he told CNBC's "ETF Edge" this week – calling it "the next big wave." Urbanowicz is particularly bullish on Taiwan and South Korea when it comes to the AI build-out.
• He notes they are a big part of the broad iShares MSCI Emerging Markets ETF, which is up 26% year to date as of Thursday's close.
• "These are major players in the AI trade and the AI space where valuations really haven't gone up as much as they have in the U.S." he said.