[UBS: AI Boom Expected to Boost Long-Term Stock Market Returns] According to a report by UBS Global Wealth Management strategists on July 10, the growth of the AI industry is expected to drive long-term stock market returns. However, investors need to adopt a diversified strategy for AI investments. The strategists are optimistic about semiconductor equipment, foundries, computer infrastructure related to CPUs, and storage chips. They also favor defensive sectors such as data center real estate investment trusts (REITs) and payment networks.