Posted 4/8/2024, 6:10:00 PM
AI Boom Forecast to Continue Despite Market Uncertainty
- AI tech rally is not guaranteed, but UBS still forecasts 18% earnings growth for global tech this year amid booming demand
- More revolutionary AI products will launch soon and adoption rates are rising across industries
- Demand for AI tech becoming more ubiquitous, with governments emerging as key new customers
- Tailwinds like innovation and demand could be offset by threat of more hawkish Fed rates
- UBS staying positive on AI stocks, but cautious on broader market until earnings growth materializes