AI boom outshines geopolitics as analyst sees 7% more upside for U.S. stocks
Guy Stear, Head of Developed Markets Strategy at Amundi says AI has been driving gains for U.S. stocks despite the uncertainty from the U.S.-Iran war. Stear projects a further 7-8% gain for Wall Street by the end of this year. He believes the AI theme is a long-term story outstripping the short-term volatility in energy prices.
Guy Stear, Head of Developed Markets Strategy at Amundi says AI has been driving gains for U.S. stocks despite the uncertainty from the U.S.-Iran war. Stear projects a further 7-8% gain for Wall Street by the end of this year. He believes the AI theme is a long-term story outstripping the short-term volatility in energy prices.
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