Reported 12 months ago
In Taipei, Chen Xinwen reported on July 3, 2024, at 4:10 pm that the launch of ChatGPT at the end of 2022 ushered in the new era of AI in 2023. With the increasing penetration of AI applications, the stock market embarked on a major bullish trend driven by AI stocks. Investors can seize the AI long-term upward trend by forming a strong asset allocation through quality active and passive funds. Noteworthy funds include the globally top-performing Uni-Global New Technology Fund and 121 listed prototype stock ETFs in Taiwan, with some seeing over 100% gains. These funds, targeting tech giants, offer a convenient way to capture the AI bullish trend effortlessly. According to statistics as of the end of June, the top ten global technology stock funds have seen returns ranging from 72% to 105% since the AI era began, with Uni-Global New Technology Fund leading at 105.28% and others displaying remarkable performances. Emphasizing the favorable economic outlook, upcoming earnings reports in July from AI and semiconductor giants are anticipated to drive further growth in the tech industry. Despite the rise in tech stocks this year, the widespread adoption of AI applications has led to increased profitability among companies, making stock valuations appear reasonable. Anticipated rate cuts and improved market liquidity are seen as catalysts for a continued bullish market, challenging any downturn expectations.
Source: YAHOO