Sep. 19 at 12:35 AM
UBS analysts said the AI spending cycle remains in its early stages, creating opportunities across the technology, media and telecommunications sectors. The bank highlighted 14 “highest-conviction calls,” many of which are exposed to AI infrastructure, data-center investment and the broader expansion of AI-related spending.
Amazon is among the highlighted names, with UBS seeing about 25% upside potential driven by Amazon Web Services. AWS generated
$33 billion in third-quarter revenue, up 20% year over year, and accounted for 18% of Amazon’s total revenue, compared with 17% a year earlier. UBS sees continued cloud and AI demand as an important driver for the business.
Palantir was also included among UBS’s technology picks, reflecting its exposure to AI software and enterprise adoption.
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