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UBS: AI stocks fall normal amid global risks
The head of the investment division at UBS Bank stated that the decline in artificial intelligence stocks is a natural and healthy correction following the recent rise. However, he warned of greater risks to the markets, especially ongoing geopolitical tensions that could temporarily impact global markets. The bank reported quarterly profits of $2.8 billion and held strong expectations for merger deals and equities, along with a new share buyback program valued at $3 billion. Ermoty emphasized that diversification is essential for investors, as the influence of artificial intelligence will extend across many sectors.
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