"Don't fight AI!" HSBC: Bond market turmoil won't stop stocks from climbing, AI theme remains constructive

Zhito Finance APP has learned that against the backdrop of a new round of selling in the bond market and increased volatility in global risk assets, the stock market has shown rare resilience. The S&P 500 continues to advance steadily toward a record high, indicating that funds' preference for equity assets, especially the AI main line, has not wavered. HSBC Global Investment Research's latest view states bluntly: investors should not "fight the AI trade." The bank believes that the AI sector's earnings momentum is strong, its monetization path is further clarified, and after adjustment, valuations are no longer expensive, so the overall risk-reward ratio remains attractive.