BlackRock stated that the strong performance of US stocks, particularly in the technology sector, is driven by opportunities related to artificial intelligence, not market deficiencies. Looking at a 6 to 12 month timeframe, tactically holding an overweight view on US stocks and preferring opportunities related to artificial intelligence. With the expansion of US stock profits, investment opportunities in the healthcare and industrial sectors are also seen as promising. Based on the strong earnings performance of technology companies, BlackRock has limited concerns about valuation indicators. The free cash flow of these technology companies is nearly twice that of the entire market's sales revenue, and their profit margins are among the highest in all industries. Additionally, many top technology companies have ample profits and cash flow to fund the construction of infrastructure such as data centers for artificial intelligence. In recent weeks, with European stock markets falling, investors who prefer high-quality stocks may turn to the US stock market. BlackRock points out that the strong earnings performance of US technology stocks has expanded to other industries, with the top performers of the year having an 8% increase. Among the 11 industries in the S&P 500 index, 8 industries had higher profit margins in the first quarter of this year compared to the same period last year. This is due to easing cost pressures for businesses, rising profit margins, and nominal GDP growth remaining above pre-pandemic levels providing some support. BlackRock is optimistic about investment opportunities in the healthcare sector, benefiting from the earnings recovery of related companies, pharmaceutical innovation, and the evolving demand due to demographic changes. Additionally, they are bullish on opportunities in the industrial sector, considering the infrastructure development for artificial intelligence and low-carbon transformation. Companies in various countries are relocating production bases closer to home, and the reorganization of supply chains due to geopolitical factors will also impact industrial stocks.