Europe Capital Partners sees AI investment broadening into power grids, data centers, copper and infrastructure
XLB•XLB•XLB•XLB•Europe Capital Partners outlined plans to position for a potential shift in equity leadership away from the US, as AI investment expands beyond semiconductors and software into power and infrastructure. The strategy highlights materials as increasingly attractive, citing wide valuation gaps, and does not assume a US downturn.
Europe Capital Partners said it expects the next phase of AI investment to extend beyond semiconductors and software into physical buildout tied to power and infrastructure, including power grids, data centers and copper. The strategy also highlights materials as an increasingly attractive focus area, citing wide valuation gaps.
The firm outlined plans to position for a potential shift in equity leadership away from the US after a prolonged period of US outperformance. Its approach does not assume a US downturn and targets a scenario in which relative performance outside the US improves as the outperformance gap stops widening.
