Reported about 1 year ago
In the world of technology stocks, AI-themed companies have been performing well this year due to the continuous evolution of AI technology and the rise of new technologies, increasing demand for the semiconductor supply chain. Despite potential price volatility as stock prices reach higher levels, experts believe there is still room for long-term growth in AI technology stocks. Companies like Baillie Gifford Asset Management point out that AI will drive new capital expenditure cycles, with tech transformation continuing to expand enterprise profitability. Analysts predict that global tech stocks' revenues over the next two years are expected to increase by about 10%, with earnings likely to double, making it one of the strongest performing industries. The tech industry's expansion cycle is seen as a marathon rather than a sprint, and even though the tech sector's momentum is strong, there is still significant long-term growth potential. As market sentiments stabilize and mainstream sectors regain favor, AI and tech-related stocks are showing strong growth trends, driving global tech stocks upwards.
Source: YAHOO