This Private Bank Shifts to US Stocks After AI Surge Accelerates
HSBC Global Private Banking has stated that it has changed its investment strategy by shifting to US equities. This was done due to the rapid adoption of artificial intelligence (AI) in the US.
HSBC highlighted several companies that will benefit the most from this AI initiative. Moreover, the long-term growth potential in this industry is already becoming apparent.
HSBC Global Investment Head Willem Sels announced this strategic move while emphasizing the long-term growth potential of semiconductors, cloud computing, and AI software.
Additionally, software developers of companies in the US focusing on creating AI applications and tools are likely to experience rapid growth.
In fact, according to Willem, this effort will create new investment opportunities over the longer term, especially considering that the S&P 500 index in the US stock market rose 19% after a brief decline last April.
#Aİ #BinanceSquareTalks #S&P500