Hot Picks: AI data centres reshape global equity opportunities
BNN Bloomberg
Electrification, AI data centres and aging populations are driving long-term investment opportunities in global stocks, says portfolio manager Jens Peers.
BNN Bloomberg spoke with Jens Peers, CIO and portfolio manager at Mirova U.S., about why select industrial, technology infrastructure and medical technology stocks are aligned with these long-term trends.
Read the full transcript below:
LINDSAY: Welcome back. It’s time for Hot Picks in global stocks. Our next guest has a manufacturer and seller of electrical products as his top pick. He says Hubbell is a play on the enormous hunger for power driven by AI data centres and the expansion of the power grid. Joining us now is Jens Peers, CIO and portfolio manager at Mirova U.S. It’s good to have you with us. Thanks so much.
JENS: Thank you, Lindsay.
LINDSAY: Let’s start with Hubbell. Tell us a little more about it and why you like it.
OPEC+ is likely to keep its pause on oil output increases for March when it meets on Sunday, five delegates told Reuters, even as crude climbs above US$70 a barrel on concern the U.S. could launch a military strike on OPEC member Iran.
U.S. President Donald Trump on Thursday signed an executive order that would impose a tariff on any goods from countries that sell or provide oil to Cuba, a move that could further cripple an island plagued by a deepening energy crisis.
U.S. futures dropped while European shares opened higher on Friday after markets retreated in Asia ahead of a possible announcement by U.S. President Donald Trump on his nominee to replace Jerome Powell as chair of the Federal Reserve.