These are UBS's 10 highest-conviction stock picks in the hottest corner of the market

Group 1: Market Overview - The tech, media, and telecommunications sector is performing strongly in 2025, with tech stocks up 20% year-to-date and communications services stocks up 22%, significantly outperforming the S&P 500, which is up 13% [1][2] Group 2: UBS Top Picks - UBS identified 10 buy-rated stocks in the tech and communications sectors, reflecting the bank's highest-conviction calls based on differentiated views and proprietary data [2] Group 3: Individual Stock Analysis - NIQ Global Intelligence: Predicted upside of +56%, with expected organic revenue growth of ~5% from 2024-2027 and adjusted EBITDA margin improving by +550bps to 24.1% by 2027 [3] - Walt Disney Co. (DIS): Year-to-date performance of +2% with a predicted upside of +21%. Analysts are bullish on Disney due to parks as a value driver, projecting EPS growth at ~17% CAGR through F27 [4] - American Tower Corporation (AMT): Year-to-date performance of +6% with a predicted upside of +35%. Expected to benefit from increased U.S. carrier activity and international growth, driving 6-8% annual AFFO/share growth from 2025-2027 [5] - Amazon (AMZN): Year-to-date performance of -0.4% with a predicted upside of +23%. Growth is anticipated from investments in e-commerce, cloud, advertising, and satellites, with projected operating margins of 11.3% in 2025, 12.9% in 2026, and 15.7% in 2027 [6]