柏瑞投资：人工智能持续主导增长引擎 科技以外行业亦具备投资机会

Group 1: Technology Sector Outlook - The seven major U.S. tech stocks are expected to drive global markets to new highs in 2025, with corporate earnings generally exceeding expectations [1] - Artificial intelligence continues to be the primary growth engine, leading to significant investments in data center infrastructure and cloud platforms [1] - The demand generated by AI is projected to sustain ideal annual growth for data center equipment, benefiting industrial stocks as well [1] Group 2: Broader Market Opportunities - Investment opportunities exist outside the tech sector as earnings growth expands, allowing active investors to capitalize on market pricing errors [1] - E-commerce and tourism sectors are experiencing a significant recovery, while home goods and consumer staples are lagging [1] - Non-essential consumer spending remains strong, but low-income consumers face dual pressures from inflation and welfare cuts, raising concerns in the financial services sector, particularly in subprime lending [1] Group 3: Healthcare Sector Insights - The healthcare industry is showing initial signs of recovery, with new pricing and trade agreements alleviating some industry pressures [2] - Innovation remains a key driver in the healthcare sector, with new obesity treatments and advanced medical devices expected to expand market opportunities [2] - Healthcare service providers continue to face challenges from changes in funding structures and shifts in patient demographics [2]