US EditionThe math is getting challenging: economic realities start to bite as UBS downgrades U.S. tech stocks
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The math is getting challenging: economic realities start to bite as UBS downgrades U.S. tech stocks
UBS global head of equities thinks the question of how to turn capex into profits is becoming more challenging for AI developers to answer as funding commitments boom and funding gets more difficult. Article Attribution | Read More at Article Source The post The math is getting challenging: economic realities start to bite as UBS downgrades U.S. tech stocks appeared first on RocketNews.
UBS Wealth Management has downgraded its recommendation on U.S. technology stocks to neutral, a rare move given that the sector has outperformed for two-thirds of the past four decades. The Swiss asset manager said the risk/reward profile of artificial intelligence-related investments is becoming increasingly unfavorable, MarketWatch reported.
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