Lates News

UBS Global Wealth Management's Chief Investment Office research report stated that although there may be short-term volatility, AI is likely to continue driving long-term stock performance. UBS predicts that global AI spending will reach $360 billion in 2025, increasing by 60%, and further growing to $480 billion in 2026. The office pointed out that recent performances of the four leading global cloud platforms have shown a strong 24% year-on-year increase in total revenue, and added that strong cloud business growth should narrow the gap between AI spending and commercialization. The increasing adoption of AI in various industries and different sizes of companies also supports the narrowing of this gap. Despite being optimistic about long-term trends, UBS leans towards balancing exposure between semiconductor and software stocks in the near term to deal with volatility.