UBS CEO: AI Stock Pullback Is a Correction of Overly High Expectations; US Midterm Election Results May Delay AI Payoff Timeline

November 9: According to Cailianshe, UBS's CEO said the sharp pullback in the US AI sector over the past few weeks was a correction of the market's previously overly high expectations for the sector. He also acknowledged that the US midterm election results could slow investment in artificial intelligence infrastructure and delay the pace at which the AI industry delivers value. He advised clients not to focus excessively on short-term political issues when allocating assets.