UBS: AI concept stocks are expected to rise further in 2026

The UBS Wealth Management Chief Investment Office (CIO) mentioned in the "2026 Outlook" that strong capital expenditure trends and accelerated AI adoption are expected to further drive up AI concept stocks. Min Lan Tan, Chief Investment Officer for UBS Wealth Management in the Asia-Pacific region and head of the CIO, further stated: "The development paths of the AI boom vary across different regions.

The United States focuses on cutting-edge infrastructure and large models, while China emphasizes algorithm efficiency, technological self-reliance, and industrial applications. This means that potential beneficiaries in the technology supply chain may also differ by region."