Top of main content
Modern bridge

Zooming In: Opportunities in AI beyond the 'Magnificent 7' - Episode 3

Thought Leadership
This insight is about
Tech
Zooming In
Equities
US
AI

Zooming In on Opportunities in AI beyond the 'Magnificent 7'

by Willem Sels, Global Chief Investment Officer, HSBC Global Private Banking and Wealth
Jul 23, 2024

After a warm reception of the first two episodes of our Zooming In video series, we are back with the third chapter. 

The AI rally has supported our overweight in global stocks and IT, but can that continue? What kind of companies will make money from AI and are investors better off in tech or in the indirect beneficiaries of AI? Watch Willem Sels, GPB&W Global CIO engage in an interesting discussion with our Head of Data Science and Analytics, HSBC Global Research, Mark McDonald.

AI’s boost to productivity is expected to lift global economic growth while also capping inflationary pressures. In this video, we zoom into the outlook for AI demand, current high US tech valuations, and search for potential winners who can integrate AI to increase revenues while lowering costs.

Download Transcript Download the transcript of the video: Zooming In on Opportunities in AI beyond the 'Magnificent 7' Open In New Window
Zooming In: Opportunities in AI beyond the 'Magnificent 7' - Episode 3 Watch the video: Zooming In: Opportunities in AI beyond the 'Magnificent 7' - Episode 3
Welcome to the third episode of Zooming In series where our GPB&W Global CIO, Willem Sels, and the Head of Data Science and Analytics, HSBC Global Research, Mark McDonald talk about Opportunities in AI beyond the 'Magnificent 7'.

This is a marketing communication from HSBC Private Bank, which is the main private bank business within the HSBC Group. Private banking services are delivered by various HSBC companies around the world, depending on local laws and regulations. The services described in this document may be provided by different HSBC entities, and members of the HSBC Group may also trade in the products mentioned here.

 

This document is not independent investment research under the European Markets in Financial Instruments Directive (‘MiFID’) or other relevant regulations and is not subject to restrictions on dealing ahead of its distribution. This means HSBC and its staff may have an interest in the products or services mentioned before this document is shared with you.

 

The information in this document is for general information only and is intended for HSBC Private Bank clients. It does not constitute, and should not be construed as, legal, tax or investment advice, or a solicitation, offer, or recommendation to buy or sell any financial products or services.

Some HSBC offices may act only as representatives of HSBC Private Bank and are not permitted to sell products, provide services, or offer advice to customers. Not all products or services are available in all jurisdictions. For a complete list of HSBC Private Bank entities and their regulatory status, please visit our HSBC Private Bank website.

 

Before proceeding, please refer to the full long macro disclaimer and the Terms and Conditions available at HSBC Private Bank website which provide further important information about the use of this material.

Related Insights

Connect with us

 
Listening to what you have to say about services matters to us. It's easy to share your ideas, stay informed and join the conversation.