高盛的分析师在上周四的一份报告中写道："在板块层面，我们预计2026年经济增长的加速，将对包括 工业、材料和非必需消费品在内的周期性板块的每股收益增长提振最大。" 分析师指出，高盛更广泛的 预测也纳入了关税压力的缓解。 来源：市场资讯 来源：金十数据 高盛报告指出，随着经济加速，工业、材料和非必需消费品这三大周期性板块的EPS增长将迎来爆炸性 反弹，增速甚至可能碾压信息技术板块！ 投资者正专注于人工智能以及推动股市大部分涨幅的超大市值科技巨头，但高盛表示，明年更大的机遇 可能来自其他地方。 与此观点一致，分析师表示，他们预计房地产公司的每股收益（EPS）将从今年的5%上升到明年的 15%，而非必需消费品公司的每股收益预计将从3%增加到7%。 工业公司的每股收益也将迎来重大反弹，预计增长将从4%加速至15%。 相比之下，高盛预计信息技术公司的每股收益增长将从2025年的26%放缓至2026年的24%。 分析师写道："尽管周期性板块正在反弹，并且我们在与客户的交流中普遍感受到经济乐观情绪，但市 场似乎还没有完全消化2026年可能出现的经济加速。" 这种加速是高盛观点的核心。该行分析师写道，他们预计明年美国整体经济 ...

Group 1 - The article argues that the current AI boom presents significant investment opportunities, contrasting it with the past tech bubble where many investors misjudged the market [1][2] - The global stock market is entering its fourth year of a bull market, and the outlook remains positive, leading to an upgrade of the global stock rating to "attractive" [2][3] - AI-related capital expenditures are expected to remain strong, with major cloud service providers and AI chip manufacturers entering multi-billion dollar agreements [2] Group 2 - By 2030, the demand for computing power in AI applications is projected to reach five times the current installed chip base, indicating robust growth potential [2] - The adoption rate of AI technologies is increasing rapidly, with early adopters already seeing economic benefits, suggesting that AI investments will yield reasonable returns [2] - The article highlights the positive outlook for Chinese technology stocks, upgrading their rating to "most attractive," supported by favorable macroeconomic trends and potential inflows into emerging markets [3][4] Group 3 - The article identifies three long-term investment themes: AI, power resources, and longevity economy, emphasizing the importance of a diversified investment portfolio [4] - Quality bonds and gold are recommended as effective tools for portfolio diversification and risk management, especially in light of potential market volatility and geopolitical uncertainties [4]