Group 1 - The core theme of artificial intelligence is expected to remain significant until 2026, with a focus on the most benefited sectors, particularly in Asia and Europe, which hold a substantial part of the global AI value chain [1] - Investor optimism is projected to continue until 2026, with strong performance in US stocks and major tech companies extending to other markets, as European stocks show similar performance to US stocks when measured in USD [1] - In light of high valuations, increasing geopolitical noise, and changing macro signals, it is recommended for investors to enhance portfolio resilience by prioritizing companies with strong balance sheets, predictable cash flows, and alignment of management teams with minority shareholder interests [1] Group 2 - The market generally anticipates a weakening of the US dollar, which typically benefits emerging markets and non-USD assets, with clear opportunities leaning towards Europe and Asia due to relatively reasonable valuations outside the US [2] - Sectors such as electronic payments, travel technology, memory, contract manufacturing, industrial automation, and hardware supply companies are primarily located outside the US and continue to demonstrate robust fundamentals amid moderate valuations [2]