This year, the U.S. stock market is projected to grow steadily, thanks to the impact of artificial intelligence (AI) technology on corporate productivity and performance improvement. With the acceleration of AI technology adoption, analysis suggests that besides the Magnificent 7 companies like NVIDIA and Apple, various industries such as finance and healthcare are likely to see performance growth.
On the 30th (local time), the Korea Investment Corporation (KIC), a sovereign wealth fund, hosted the "New York Financial Forum" at the Consulate General in New York, inviting Korean financial professionals and local investment experts to discuss the outlook for the U.S. stock market. More than 30 investment officials from government and public investment institutions, as well as from securities firms, banks, and insurance companies, attended the forum, including the deputy consul general of the Consulate General in New York.
On that day, Alastair Pinder, chief researcher of global equity strategy at HSBC, forecasted a favorable outlook for the U.S. stock market this year, driven by the impact of AI technology on corporate productivity and performance improvement. He also noted that the impact of the tariff policy under the Trump administration would be limited but should be monitored carefully, and that interest rates would pose a significant risk.
He explained, "With the acceleration of AI technology adoption, U.S. companies' performance in various industries, including finance, insurance, healthcare, and entertainment, is likely to exceed market expectations beyond the M7 companies." Saul Martinez, senior researcher for the U.S. financial sector at HSBC, stated, "This year's focus is on profits, credit, and regulation," emphasizing the need for continuous attention to market dynamics.
Lee Kyung-taek, the head of the event, said, "It was a valuable opportunity to discuss this year's outlook for the U.S. stock market, which has maintained strong performance for two consecutive years, and key issues in the financial industry," adding, "We will continue to provide various opportunities for Korean institutional investors to establish long-term investment strategies and understand trends in the U.S. financial industry."
KIC has overseas branches and offices in major global financial centers such as New York, San Francisco, London, Singapore, and Mumbai, India.