Google's prospects for earning revenue from AI in Search remained positive in HSBC's view as Alphabet joined the bank's 11-stock investor list during a broad sell-off that followed a reversal in AI-related trading.
Paul Rossington said HSBC continues to view Google's Search business as an area where AI can generate revenue.
Separately, HSBC Private Bank has maintained a six-month overweight view on global equities and said AI opportunities extend beyond chipmakers to infrastructure and businesses adopting the technology, as EconoTimes reported earlier.
