Recurring series

UBS House View - Daily Asia

Finvaulta tracks 11 editions of UBS House View - Daily Asia from UBS, published between September 8, 2026 and October 12, 2026. Each edition is summarized on its own page.

Latest edition · October 12, 2026

Daily Asia en 1667824

UBS CIO views recent tech pullbacks over AI demand concerns as excessive, noting robust underlying data from chipmakers and rising adoption of consumer AI agents. Meanwhile, the recent sell-off in EURUSD looks overdone, offering an attractive entry point for a rebound toward 1.16.

Despite market jitters triggered by reports of a lower revenue run rate at OpenAI, UBS CIO emphasizes that industry fundamentals for AI remain solid. Strong revenue growth from TSMC, Samsung, and Hon Hai, coupled with early traction in consumer AI agents like Meta's Muse, indicate sustained compute and infrastructure demand. Cloud revenue growth for hyperscalers is projected to accelerate to 58% year over year. Investors are advised to maintain exposure to high-quality semiconductor and hardware beneficiaries. Separately, UBS considers the 4% pullback in EURUSD overstretched, recommending long EURUSD positions targeting 1.16.

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Key takeaways from the latest edition

1.Underlying demand for AI infrastructure and compute remains robust despite short-term market jitters sparked by OpenAI revenue reports.
2.Strong results from TSMC, Samsung, and Hon Hai, alongside rising adoption of consumer AI agents, suggest sustained compute demand and accelerating hyperscaler cloud revenue.
3.The recent 5-week EURUSD sell-off appears overdone relative to fundamentals, offering an attractive opportunity to re-enter long EURUSD positions toward 1.16.

What this series covers

Thought of the day
Caught our attention
Market update

Edition archive

Series at a glance

Editions tracked: 11
First edition: September 8, 2026
Latest edition: October 12, 2026

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