According to UBS, European industrial and mining stocks are undervalued and less crowded than US stocks, so the screening performance is good. Strategists Gerry Fowler and Sutanya Chedda upgraded the mining sector to a preferred industry, particularly material companies that supply equipment and metals for AI infrastructure construction. According to the report, as profit expectations continued to rise, Glencore ranked higher; while Anglo-American Resources Group, which received a “buy” rating, provided a similar signal and had a lighter market position. According to the report, AI construction has entered the second phase, and the previously restricted first-tier suppliers themselves are now also increasing their own capital expenses, and these expenses are being converted into orders from other companies.

According to UBS, European industrial and mining stocks are undervalued and less crowded than US stocks, so the screening performance is good. Strategists Gerry Fowler and Sutanya Chedda upgraded the mining sector to a preferred industry, particularly material companies that supply equipment and metals for AI infrastructure construction. According to the report, as profit expectations continued to rise, Glencore ranked higher; while Anglo-American Resources Group, which received a “buy” rating, provided a similar signal and had a lighter market position. According to the report, AI construction has entered the second phase, and the previously restricted first-tier suppliers themselves are now also increasing their own capital expenses, and these expenses are being converted into orders from other companies.