AI-Hit U.K. Tech Stocks Seen as Investment Opportunities
Dow Jones
Yesterday
0731 GMT - Valuations for technology, media and telecom stocks in the U.K. still reflect concerns over artificial intelligence, but this means the sector offers attractive opportunities for investors, Berenberg analysts write in a note. "While the market has become slightly more discerning over the impact of AI, concern remains, reflected in still depressed valuations," they say. Meeting market expectations, alongside with AI-driven growth and efficiency gains, should support a rerating, though it might take some time for this to happen, they say.
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