TECH - Which Stocks Will Dominate The Future Of Tech? UBS Shares Its Top Picks In AI Healthtech Greentech And Fintech | Benzinga
In a recent report, global wealth manager UBS identified the sectors likely to drive the next wave of technological innovation and the stocks that stand to benefit.
What Happened: UBS has pinpointed artificial intelligence (AI), cybersecurity, health tech, Greentech, and fintech as the sectors that will produce the “next big thing” in tech. The bank has selected 29 companies that are expected to experience “superior” earnings growth compared to the market, driven by “positive, durable structural trends,” CNBC reported on Sunday.
"Collectively, we see industry leaders for 2030 emerging from these sectors," said UBS in a March 14 report.
Among the companies on UBS’ list are:
- McKesson Corp (NYSE:MCK): The company’s expansion into data-driven services across the U.S. healthcare value chain will cause UBS to be bullish in the future.
- Baidu (NASDAQ:BIDU): UBS sees Baidu’s expertise in AI and machine learning, particularly in its non-advertising businesses like autonomous driving and cloud, as potential long-term growth drivers.
- Stryker (NYSE:SYK): UBS notes Stryker’s growth in its core orthopedic markets, particularly in robotic surgery, as a strong indicator of future performance.
- ASML Holding (NASDAQ:ASML): UBS predicts the Dutch semiconductor firm ...