Thoughts on AI's impact on EEM by year-end

Hey everyone, just looking at some of the recent AI developments and wondering what the general sentiment is regarding its potential impact on emerging markets, specifically $EEM, heading into year-end. We're seeing $EEM currently at 63.555, having dipped slightly today. My gut feeling is that we're going to see a more pronounced divergence, or perhaps a consolidation phase, rather than a significant breakout upward driven by AI sentiment in the immediate term.

My reasoning is this: while AI undoubtedly presents massive opportunities, the immediate beneficiaries are largely established tech giants and developed market innovators. The capital required for significant AI integration and infrastructure build-out might actually put a strain on some emerging economies in the short to medium term, or at least shift investment away from them towards more 'AI-ready' markets. I'd give it about a 60% probability that $EEM stays within a tighter range, say between 60 and 65, by the end of December, as opposed to making a decisive move above its recent high of 64.93. The narrative needs time to trickle down and for tangible, widespread AI-driven growth to manifest in these economies. What are your thoughts on this? Am I overthinking the 'drain' aspect and underestimating the 'trickle-down' effect?