Equities in focus: Looking beyond tech stocks

Is AI a bubble? It might not matter if you’re ready for what comes next.

In this clip, Global Chief Economist Joe Davis offers ways to think about equity positioning as AI dominates the market narrative. He explains how technology cycles evolve and why investment opportunities may emerge beyond the current tech leaders.

Watch him cut through the noise around AI in this excerpt from our 2026 economic and market outlook.

Disclosures:

All investing is subject to risk, including possible loss of principal. Funds that concentrate on a relatively narrow market sector face the risk of higher share-price volatility.

Past performance is not a guarantee of future results.