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🔥 Today's Hot Topic: #MyTopAICoin#
Altcoins are heating up, AI tokens rising! #WLD# and #KAITO# lead the surge, with WLD up nearly 48% in a single day. AI, IO, VIRTUAL follow suit. Which potential AI coins are you eyeing? Share your investment insights!
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UBS: The rally in U.S. tech stocks is not over yet Artificial intelligence will continue to drive earnings
U.S. big tech and internet stocks rose on Thursday, buoyed by Nvidia's bright expectations, the latest sign that artificial intelligence should continue to drive strong returns, UBS said. "We continue to see the potential for further upside in technology stocks, especially those that will benefit from the AI revolution," wrote Solita Marcelli, chief investment officer for the Americas at UBS Global Wealth Management, adding that "the near-term momentum in AI-related stocks is likely to continue." The Nasdaq 100 has risen nearly 30% from its October lows. The company added that "the strong earnings growth in the technology sector justifies its valuation premium," which is justified given "the sector's current more recurring revenue profile". UBS is more bullish on the software and semiconductor sectors, and sees "opportunities for the beneficiaries of AI Edge Computing, big tech stocks and their partners."