{"id":109393,"date":"2026-07-29T09:10:08","date_gmt":"2026-07-29T09:10:08","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/109393\/"},"modified":"2026-07-29T09:10:08","modified_gmt":"2026-07-29T09:10:08","slug":"ubs-ceo-says-the-ai-pullback-is-healthy-but-theres-a-bigger-risk-investors-should-watch","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/109393\/","title":{"rendered":"UBS CEO says the AI pullback is healthy \u2014 but there\u2019s a bigger risk investors should watch"},"content":{"rendered":"

UBS<\/a> reported a profit rise in its second-quarter earnings Wednesday, as CEO Sergio Ermotti warned that geopolitical volatility could create fresh headwinds up ahead.<\/p>\n

The Swiss banking and wealth management giant’s net profit attributable to shareholders came in at $2.8 billion for the three-month period, in line with forecasts by analysts in an LSEG-compiled consensus poll. <\/p>\n

Pre-tax profits reached $3.6 billion in the three-month period, up 64% year-on-year. <\/p>\n

\"UBS<\/p>\n

Speaking with CNBC’s “Squawk Box Europe,” Ermotti highlighted strong momentum across the business during the second quarter, with a “very good” pipeline in investment banking, M&A and capital markets, and positive results across leveraged capital markets, debt capital markets, and equities.<\/p>\n

He also flagged a “vibrant” IPO market, with UBS involved in a number of deals, including SpaceX’s landmark debut. The bank also unveiled a new $3 billion share buyback plan, starting with the repurchase of $1 billion of shares over the next three months.<\/p>\n

UBS shares were 2.5% higher in morning trade.<\/p>\n

Ermotti acknowledged geopolitical fissures remain a pressure point for markets, but shrugged off potential growing market fatigue around the AI narrative.<\/p>\n

Stock Chart IconStock chart icon\"hide<\/p>\n

UBS.<\/p>\n

“Clearly the ongoing volatility we see coming from the geopolitical front may create some kind of temporary headwinds,” he told CNBC’s Carolin Roth<\/a>. “But the momentum is good \u2014 we are well-positioned to capture the benefits of that.”<\/p>\n

On AI, Ermotti said that given the pace and scope of the increasing market caps and concentration over the last three-to-four months, a correction was to be expected.<\/p>\n

“It’s only healthy to see it. We advise clients in that context always to really diversify,” Ermotti said.<\/p>\n

He said that AI and its supporting infrastructure will continue to remain a “big factor” in markets, adding that the economic impact and benefits of AI will play out across many other sectors beyond the current concentration.<\/p>\n

“This is a huge opportunity that we can give to our clients to diversify and invest for the future.”<\/p>\n

Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"UBS reported a profit rise in its second-quarter earnings Wednesday, as CEO Sergio Ermotti warned that geopolitical volatility…\n","protected":false},"author":2,"featured_media":109394,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[129],"tags":[1712,166,44553,223,880],"class_list":["post-109393","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ubs","tag-banks","tag-business-news","tag-space-exploration-technologies-corp","tag-ubs","tag-ubs-group-ag"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/117002490755097250","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/109393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=109393"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/109393\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/109394"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=109393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=109393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=109393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}