JPMorgan: Robotics and Autonomous Driving May Be the Next Winners in AI
On July 7, JPMorgan Asset Management Global Market Strategist Raisah Rasid stated that companies related to robotics and autonomous driving could become the next winners in artificial intelligence trading. She noted, 'The AI story is far from over, and large-scale adoption is accelerating, especially in the generative AI sector.' She added that as AI-related winners expand from mega-cap companies, profit growth (particularly in the hardware sector) has been driving returns in major markets. However, she indicated that the KOSPI index's triple-digit gains in the first half of the year are unlikely to be repeated in the second half, with growth expected to moderate as companies may struggle to maintain strong pricing power in the hardware sector. (Jinshi)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Gold Fields said to weigh sweetening Northern Star bid with cash
Under continuous pressure from inflation and interest rate hike concerns, US Treasury sell-off intensifies; 30-year yield once surpassed 5.6%, hitting a more than 24-year high
U.S. long-term Treasury yields continued to rise on Tuesday, extending the recent sharp upward trend.
The US releases the final batch of strategic oil reserves, up to 40 million barrels, urging Europe to follow suit.
This is the final batch of the 172 million barrels of reserves released by the United States in this round; after this release, the U.S. Strategic Petroleum Reserve will drop to its lowest level since 1982, approaching legal and operational red lines. Meanwhile, the U.S. Secretary of Energy criticized some European countries for releasing far less than expected, urging them to fulfill their commitments. Currently, gasoline and diesel prices in the U.S. remain high, and less than two months remain until the midterm elections. On Tuesday, WTI crude oil futures fell by 3.95%.
Raphael Zagury: Bitcoin will eventually surpass gold
Crypto prices
More
