On August 16, Sophie Huynh, a portfolio manager and strategist at BNP Paribas Asset Management, highlighted that Europe is more poised to be a beneficiary of AI technology rather than its primary developer. She emphasized that the automotive industry, in particular, stands to gain substantially from this trend. Presently, stocks in the European auto sector are significantly undervalued, with their growth potential largely overlooked by the market. The crux of the matter lies in pinpointing when the market will shift its focus to this sector, as it may require one or two years for a market consensus to form around its potential. In the meantime, the positive effects of AI on the U.S. consumer sector have already been largely factored into market valuations, with economic momentum showing signs of deceleration. Conversely, the European economy is just embarking on its path to recovery.