Communications Equipment
Can AI Boost Productivity And Earnings Over The Next 12 months…
Global smartphone demand will likely find a bottom in 2024Q1 and rebound modestly between 2024Q2 and Q4. Competition in the global smartphone market will intensify. Chinese phone makers will gain market share from Apple and Samsung. Continue overweighting Taiwanese stocks, including tech, within the global equity benchmark.
Generative AI is a major technological breakthrough that holds tremendous economic and investment promise and will have sweeping effects on wide swaths of the economy. We are bullish on generative AI as a long-term investment theme. However, at the moment we observe hallmarks of an investment frenzy. We believe that there will be a more attractive entry point for patient investors.
Underweight
Beware: Communications Equipment Value Trap…
Avoid The Value Trap…
Avoid The Value Trap…
Disconnected…
Disconnected…
Lost Signal…
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