BlackRock: Artificial intelligence remains one of the important investment themes, optimistic about equity investment opportunities in the Chinese stock market and other markets
BlackRock is optimistic about the investment opportunities in artificial intelligence and has raised its view on the Chinese stock market to moderately overweight. Despite structural challenges facing the Chinese economy, positive policy signals and fiscal stimulus measures will attract investors. BlackRock is also bullish on the US stock market and the Japanese stock market, believing that better-than-expected earnings from technology companies will boost the valuation of related enterprises. The Indian stock market is reasonably valued in the long term, and BlackRock is overweight on emerging market stocks
According to the Zhītōng Finance APP, BlackRock stated that it remains optimistic about investment opportunities related to the artificial intelligence theme, but will also make minor adjustments to investment portfolio allocations based on actual circumstances. The focus will be on the wide range of winners in the artificial intelligence development stage, as there are beneficiaries in fields outside the technology industry, such as energy and utilities. Investment in artificial intelligence is just beginning. However, the valuation fluctuations of artificial intelligence stocks reflect a future full of variables. A significant amount of investment will flow into tangible assets, infrastructure, technology, and other industries. The market value of a certain chip giant has risen to $3 trillion, and the significant increase in market value and stock price fluctuations reflect the huge investment expectations and uncertainties brought by the artificial intelligence field. BlackRock is optimistic about equity investment opportunities in the Chinese stock market and other global markets.
Chinese Stock Market
Given the positive policy signals, BlackRock has raised its view on Chinese stock assets to moderately overweight. Currently, Chinese stocks are significantly discounted relative to developed market stocks, and the Chinese government's planned major fiscal stimulus measures are expected to help attract investors to the market. However, due to the structural challenges facing the Chinese economy, BlackRock is prepared to adjust allocations at any time and will continue to monitor the actual effects of policies.
US Stock Market
BlackRock believes that the upward trend in the US stock market is expected to expand, with broad-based earnings growth and a preference for quality assets leading BlackRock to be overall overweight on US stocks. It also sees opportunities related to the artificial intelligence theme and holds an overweight view on related sectors. Earnings of technology companies continue to exceed high expectations, leading to increased valuations for companies benefiting from artificial intelligence development. The expected decrease in inflation is likely 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 has reduced 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 earnings from the appreciation of the yen, as well as the ambiguous policy signals from the Bank of Japan.
Indian Stock Market
Emerging market stocks are relatively discounted compared to developed market stocks, and in the long term, the valuation of Indian stocks remains reasonable. At the strategic allocation level, BlackRock is overweight on emerging market stocks and believes that countries like India will benefit from opportunities brought by converging disruptive trends