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UBS: AI-Related Stock Valuations May Swell; Software Firms Have More Room for Potential Valuation Upside
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UBS Investment Bank's research department indicated that the AI-related Chinese listed stocks under its tracking showed a YTD increase of 15%, outshining the MSCI China Index by 9%. The broker believed that AI-related stocks would have valuation growth opportunities, and AI may offer certain room for valuation upside. Wang Zonghao, Head of China Equity Strategy Research at UBS, pointed out that from a fundamental perspective, infrastructure providers such as IDC companies and hardware manufacturers will be the first to see revenue contributions as AI users like cloud providers continue to rush to build ecosystems at the expense of profitability. Based on past experience, nevertheless, the broker estimated that there would be greater potential for valuation increases, especially for software companies. AAStocks Financial News |
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