UBS: Bullish on semiconductor equipment, foundries, and memory chips; AI boom may boost long-term stock market returns

Odaily Planet Daily News UBS Global Wealth Management strategists stated in a report that they expect growth in the AI industry to drive long-term stock market returns. However, they noted that investors need to adopt a diversified strategy for AI investments. "We are bullish on semiconductor equipment, foundries, CPU-related computing infrastructure, and memory chips," they said. The strategists also favor defensive sectors such as data center real estate investment trusts (REITs) and payment networks. (Jinshi)