It “isn’t the moment for big directional bets”, warns Barclays PB

Rather than fleeing tech amid stretched US valuations, Barclays Private Bank is reallocating capital within the sector, targeting emerging market supply chains and companies actively converting AI capital expenditure into margin growth. The British bank prefers emerging-market equities due to their relatively cheap valuations compared with developed markets and their exposure to Asia’s artificial intelligence supply chain, according to Ken…

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