UBS sees further upside for technology stocks following their recent rebound, even as uncertainty over U.S. trade policy persists.
“With global tech’s valuation still reasonable, we think the risk-reward remains attractive”
Analysts at the firm advise investors to “continue to position for an ongoing recovery in quality AI names globally.”
However, they have flagged several risks:
The durability of the 90-day trade truce remains unclear.
Potential semiconductor tariffs could weigh on the sector.
Relocating supply chains may increase costs for tech firms.
The impact of Trump’s planned revision to Biden-era AI diffusion rules is still uncertain.
