UBS Global Wealth Management has changed its outlook on U.S. equities to attractive due to the increasing use of artificial intelligence technology.
The investment bank expects the market to continue to rise, as evidenced by the S&P 500's 22% increase this year and numerous record-high closes.
UBS's revised view is influenced by positive domestic and global conditions, including China's recent stimulus measures. The firm has also identified its top stock picks, reflecting its confidence in the potential for further growth in U.S. equities.