Report published September 7, 2026
How Can I Invest in Transformational Innovation? UBS CIO Thematic Research
UBS · September 7, 2026
UBS CIO recommends complementing diversified equity portfolios with targeted exposure across three structural innovation themes: AI, Power and resources, and Longevity. A diversified value-chain approach allows investors to capture secular earnings growth while managing single-stock concentration risks.
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Finvaulta summarizes UBS's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.Complement diversified equity portfolios with balanced, value-chain exposure to AI, where capex is projected to reach USD 1.2tr by 2027.
- 2.Electrification, grid modernization, data center growth, and the energy transition drive structural investment into power infrastructure, utilities, and critical minerals like copper and aluminum.
- 3.Longevity and healthcare innovation present significant growth potential, with global longevity revenues projected to expand from USD 5.3tr in 2023 to USD 8tr by 2030, driven by obesity treatments and oncology/neurology pipeline catalysts.
Table of Contents
- Key message
- 01 We have strong conviction in the long-term potential gains offered by AI.
- 02 Structural demand and the energy transition support long-term investment in power and resources.
- 03 Companies offering products and services to extend healthy lifespans should continue to gain traction.
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Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| Overall AI spending | 900.0 USD billion | Hyperscaler capital expenditure revisions pushing projected AI spending higher |
| Overall AI-related capex / spending | 1.2 USD trillion | Estimated overall AI-related capital expenditures in 2027 |
| Broadcom AI-chip revenue forecast | 115.0 USD billion | Company raised AI-chip revenue forecast |
| Data center share of total US electricity use | 9.0% | Projected electricity consumption share from data centers in the US |
| Global obesity drugs (GLP-1s) revenue growth | 12.0 % CAGR | Forecasted annual revenue growth for GLP-1s |
Reports in this series
UBS House View Briefcase is shown in chronological order through this edition, published on September 7, 2026.
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