UBS CEO: AI stock pullback is a correction of overly high expectations; U.S. midterm election results may delay the pace of AI realization.

November 9: The CEO of UBS stated that the significant pullback in the US stock AI sector over the past few weeks is a correction by the market to the previously overly high expectations for the sector. He also acknowledged that the results of the US midterm elections may slow down investment in artificial intelligence infrastructure and delay the pace at which the AI industry realizes value outcomes. He advises clients not to focus excessively on short-term political issues when allocating assets. (Cailian Press)