Sophie Huynh, portfolio manager and strategist at BNP Paribas Asset Management,
said Europe is more likely to be a beneficiary of AI than a developer and the
auto sector stands to gain. European auto equities are currently very cheap and
their upside is largely overlooked; it may take one to two years for market
consensus to recognize the case. Many US consumer-driven positives are already
priced in, she added, so US growth momentum is slowing while Europe is only
beginning to recover.
