UBS strategist foresees earnings growth expanding beyond AI
UBS strategy chief Nadia Lovell advises investors to stay invested in AI while seeking broader market earnings growth amid near-term market volatility.
Nadia Lovell, head of global equity strategy at UBS Global Wealth Management, has advised investors to remain committed to artificial intelligence stocks while looking for broader corporate earnings growth.
Market conditions could experience elevated volatility over the coming weeks due to corporate earnings releases, upcoming policy decisions by the Federal Reserve, political uncertainty, and Middle East conflict impacting energy prices. Despite risks associated with financing the massive expansion of artificial intelligence infrastructure, Lovell emphasized that fundamental economic growth and demand remain solid. She highlighted that major hyperscale technology firms driving the investment hold high-quality balance sheets, reassuring investors against abandoning the sector while recommending expansion into wider market opportunities.
Sources: Bloomberg