UBS "AI Industry Revenue Expected to Reach 550 Trillion Won by 2027"

Sales in the artificial intelligence (AI) related industry are predicted to reach $420 billion (approximately 550 trillion KRW) by 2027.

On the 3rd (local time), according to investment information firm Investing.com, Swiss financial group UBS made this forecast for AI industry sales.

[Image source=Reuters Yonhap News]

UBS initially projected in last year's announcement that AI industry sales would expand from $28 billion (approximately 37 trillion KRW) in 2022 to $300 billion (approximately 393 trillion KRW) by 2027. This represents an upward revision of the forecast within one year. If this holds true, the compound annual growth rate over five years would increase from 61% to 72%.

UBS cited factors such as demand exceeding expectations and increased corporate investment spending on AI infrastructure as reasons for the rapid sales growth.

UBS stated that last year, the stock prices of the so-called "Magnificent 7" (Apple, Amazon, Alphabet, Microsoft, Meta, Tesla, Nvidia), the major U.S. technology companies (Big Tech), led the market with gains of up to 249%. It explained that many of these companies play a leading role in the development and spread of AI.

UBS said, "Considering these forecasts, investing in the semiconductor and software industries is the best way to capitalize on the AI boom."

This content was produced with the assistance of AI translation services.