KIC Outlook on US Stock Market: "Significant Corporate Earnings Growth Across Industries Due to AI Adoption"

As the adoption of artificial intelligence (AI) expands this year, it is forecasted that corporate profits will significantly increase across various industries in the United States.

On the 31st, the Korea Investment Corporation (KIC), a sovereign wealth fund, announced, "Yesterday, under the auspices of the New York branch, the 17th 'New York Korean Finance Forum' was held at the Consulate General of the Republic of Korea in New York, inviting Korean financial professionals and local investment experts to discuss the outlook for the U.S. stock market this year." The forum was attended by over 30 investment officials from the government, public investment institutions, securities firms, banks, and insurance companies, including the Deputy Consul General (Finance Officer) of the New York Consulate General.

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Alastair Pinder, Global Equity Strategy Chief Researcher at HSBC Bank, who gave a presentation, projected that the U.S. stock market will continue to grow steadily this year, supported by the impact of AI technology on corporate productivity and earnings improvement.

He pointed out, "As AI technology adoption accelerates, it is highly likely that U.S. companies in various industries such as finance, insurance, healthcare, and entertainment, beyond the Big Tech 7 (M7) in the U.S. stock market, will see earnings growth significantly exceeding market expectations."

The next presenter, Saul Martinez, Senior Researcher of the U.S. Financial Sector, said, "This year's key themes are profits, credit, and regulation. Continuous attention to market dynamics is necessary."

Lee Kyung-taek, head of the KIC New York branch and organizer of the New York Korean Finance Forum, said, "It was a valuable occasion to deeply discuss the outlook for the U.S. stock market, which has maintained strength for two consecutive years, and major issues in the financial industry this year."

"We will continue to provide various opportunities so that Korean institutional investors can establish long-term investment strategies and understand trends in the U.S. financial industry," he added.

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