BlackRock stated that it remains bullish on investment opportunities related to artificial intelligence themes, but will also make slight adjustments to investment portfolio allocations based on actual circumstances. The wide winners in the artificial intelligence development phase will be the focus, as there are also beneficiaries outside the technology industry, such as the energy and utilities sectors. Investment in artificial intelligence is just beginning. However, the valuation fluctuations of AI stocks reflect a future full of variables. A significant amount of future investment will flow into tangible assets, infrastructure, and technology industries. The market cap of a certain semiconductor giant has risen to 3 trillion USD, reflecting the huge investment expectations and uncertainties brought by the field of artificial intelligence. Bullish on equity investment opportunities in the Chinese stock market and various global markets.

Chinese Stock Market

Given the bullish signals from policies, BlackRock has raised its view on Chinese stocks assets to slightly overweight. Currently, Chinese stocks are significantly undervalued compared to stocks in developed markets, and the Chinese government plans to implement significant fiscal stimulus measures, which will help attract investors to the market. However, as the Chinese economy still faces structural challenges, BlackRock is also prepared to adjust allocations at any time and will continue to observe the actual effects of policies.

US stocks

BlackRock believes that the upward trend in US stocks is expected to expand, with broad growth in corporate earnings and a preference for quality assets leading to BlackRock's overall overweight position in US stocks. It also remains bullish on opportunities related to artificial intelligence themes and holds an overweight view on related sectors. Technology companies' profits continue to exceed high expectations, boosting the valuations of companies benefiting from AI development. The decline in inflation is expected to provide further support for industries outside the technology sector with higher profit margins.

Japanese Stock Market

BlackRock continues to be overweight on Japanese stocks but reduces the degree of overweight. Japan's clearer economic outlook and corporate reforms are driving improvements in corporate earnings and shareholder returns. However, the risk lies in the drag on corporate profits from the appreciation of the yen, and the ambiguous policy signals from the Bank of Japan.

Indian stock market

Relative to developed market stocks, emerging market stocks are at a discount. In the long run, the valuation of Indian stocks remains reasonable. At a strategic allocation level, Blackrock is overweight in emerging market stocks and believes that countries like India in emerging markets will benefit from the opportunities brought by converging disruptive trends.

Editor/rice