UBS believes AI story is still in the 'early innings' and these are the stocks to play it

📆 30/10/2567 0:05:00
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Artificial intelligence-related stocks have been on the rise this year, and UBS is becoming even more bullish on some names.

Nvidia has been the bellwether for names in the space, and the chip darling has surged about 186% this year. In comparison, the S & P 500 has risen more than 22% in 2024. "We believe we are still in the early stages of the AI growth story," UBS equity strategist Sundeep Gantori wrote in a Monday note to clients, noting the launch of ChatGPT in 2022 as an inflection point for AI adoption.

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