UBS CEO: The AI stock pullback is a correction of overly high expectations, and the midterm elections may delay realization

According to a report by Caixin, the CEO of UBS stated that the significant correction in the U.S. stock market's AI sector over the past few weeks is a correction of the previously overly high expectations for the sector.

He also acknowledged that the results of the U.S. midterm elections could slow down investments in artificial intelligence infrastructure, delaying the pace at which the AI industry realizes its value, and advised clients not to overly focus on short-term political issues when making asset allocations.