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UBS' Eva Lee Sees AI as Major Investment Theme in Next Decade, Upbeat About Asian (Ex Japan) Stocks
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Mega tech companies investing in artificial intelligence (AI) have shown significant growth momentum this year, reflecting that AI is not just a passing trend but is expected to become a major investment theme for the next decade, Eva Lee, Head Greater China Equities at UBS Global Wealth Management, said. The broker predicted that revenue in the AI sector could reach US$1.1 trillion by 2027. Meanwhile, given that AI applications, industrial electrification, and carbon reduction will drive increased power demand, the broker advised investors to pay attention to investment opportunities in power transmission, data centers, transportation, and energy storage sectors. Looking ahead to next year, as Asian countries are anticipated to further cut interest rates, the broker considered Asian stocks (excluding Japan) attractive and forecasted double-digit returns for the MSCI AC Asia ex Japan Index by the end of next year. Regarding Chinese stocks, Lee estimated higher volatility and suggested investors focus on high-return defensive stocks, including banking, insurance, telecoms, energy, and public utilities, while growth sectors are inclined towards the internet, gaming, and e-commerce industries. AAStocks Financial News |
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