Nvidia-fueled tech rally to slow, but sun isn't setting on AI theme anytime soon
Investing.com -- The Nvidia-fueled tech rally is likely to slow and turn volatile as economic headwinds and chip regulation weigh, but the sun isn't likely to set on the AI theme anytime soon.
But while the pace of the tech rally is expected cool, the sun isn't setting on broader AI theme as enterprise spending on this emerging is likely to remain strong. Against the backdrop of still growing AI appetite, UBS recommends investors with low existing AI holdings consider increasing long-term exposure, while those with high allocations could benefit from exploring capital preservation strategies as a hedge.
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