Mark Haferle of UBS believes the investment case for gold will remain strong due to concerns about the weaponization of the US dollar and investor interest in de-dollarization.

Mark Haferle of UBS notes that de-dollarization is a frequent topic of concern among international investors.

Mark Haferle of UBS states that the Federal Reserve is unlikely to hike interest rates anytime soon because wage growth is under control and recent inflation is primarily driven by energy prices.

Mark Haferle of UBS identifies power generation and electrical transformers as key bottlenecks in the expanding AI infrastructure supply chain.

Mark Haferle of UBS believes it is very difficult to reach overcapacity in the AI supply chain in the near term due to growing CapEx projections and increasing bottlenecks.

Mark Haferle of UBS estimates that the positive impact of AI-related capital expenditure on global GDP is approximately two times the negative impact from the rise in oil prices.

Mark Haferle of UBS believes continued economic growth and AI adoption will drive further US earnings increases and support market gains over the medium term.

Mark Haferle of UBS raised his year-end price target for the S&P 500 to $7,900.

UBS expects 20% earnings growth for the S&P 500.

UBS views investing in China and Chinese technology companies as an important theme for international clients seeking diversification into a different economic system.