AI uptake by companies and households appears to have increased significantly in recent months. This is one of the factors that will determine whether AI will increase productivity gains significantly. As we will show in this section, a lot of new data and statistics have been published over the past quarters, and related knowledge has improved.
“The weakness in U.S. stocks reinforces our conviction that a rotation away from expensive U.S. large-cap stocks may persist. We also believe there is more value to be explored in regions such as emerging markets, including China.”