UBS: After S&P 500 Hits All-Time High, Optimism for AI Stocks May Continue to Strengthen Over the Next Decade
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The Global Wealth Management team at Swiss bank UBS pointed out that artificial intelligence will continue to be a major theme in the US stock market, with technology stocks expected to rise over the next decade. It is projected that global AI revenue will increase 15-fold by the end of 2027, reaching $420 billion. UBS analysts stated that 2024 may enter a "digestion phase," but the upward momentum of the stock market is expected to continue this year.
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