Krungthai CIO sees global stocks in a healthy correction, recommends gradually accumulating AI stocks

IndustryGeopolitics
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Summary · why it matters

The investment strategy team at Krungthai Bank, known as Krungthai CIO, views the global stock market as undergoing a healthy correction driven by geopolitical pressures and selling in technology shares. Meanwhile, US corporate earnings and AI investment remain robust. Second-quarter 2026 earnings for US-listed companies were strong, led by large banks benefiting from investment banking, capital markets, and trading businesses. Global investment banking revenue in the first half grew 24 percent from the same period last year, and average loan balances rose 10 percent, reflecting that the US economy and consumers remain resilient. Earnings from TSMC and ASML indicate that investment in AI infrastructure continues to grow, even as semiconductor stocks face short-term profit-taking. Krungthai CIO therefore recommends a buy-on-dip strategy to gradually accumulate high-quality AI stocks, while managing risks from US-Iran tensions that could affect energy prices and inflation going forward.

Impact on stocks 2

Semiconductors▲ · 2 stocks
ASML Holding N.V.
ASML
▲ PositiveDemandrelevance

Article states ASML earnings indicate AI infrastructure investment continues to grow, supporting demand for its lithography equipment.

Theme Impact 4

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