Hou predicts the AI sector’s rally will continue due to its rapid adoption and expectations of a rate hike pause. These factors will attract more investment into the field.
Amid global supply chain shifts, rising tensions and tighter credit, US equities have displayed lacklustre performance, with divergent returns between technology and traditional sectors.
DBS is maintaining its conviction call on big tech given a compelling growth outlook, says chief investment officer (CIO) Hou Wey Fook at the bank’s 3Q2023 insights briefing.
