An Investment Chief Says We're Still Not Getting AI

HSBC’s global chief investment officer, Willem Sels, argues that investors continue to underestimate the transformative potential of artificial intelligence, comparing its impact to foundational innovations like electricity or the internet. He believes AI’s true value lies not just in current productivity gains but in fueling future breakthroughs across fields like medicine, robotics, and materials science.

The real challenge for investors, according to Sels, is navigating the sector's volatility and achieving proper diversification within the explosive AI theme. His view suggests that while the hype is loud, the long-term, cross-industry disruption AI enables may still be priced too conservatively by the market, making it a complex but critical area for portfolio strategy.