UBS CEO Says The Ongoing AI Pullback Is Healthy. But Another Risk Could Be the Next Big Threat for Investors

Source: International Business Times

UBS CEO Sergio Ermotti believes the recent cooling in artificial intelligence-related stocks is not a reason for investors to panic, but geopolitical uncertainty is. Fabrice Coffrini/AFP via Getty Images UBS Chief Executive Sergio Ermotti believes the recent cooling in artificial intelligence-related stocks is not a reason for investors to panic, but geopolitical uncertainty could be, even as the Swiss banking giant posted stronger-than-expected second-quarter results and unveiled a new multibillion-dollar share buyback program. UBS on Wednesday reported net profit attributable to shareholders of $2.