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Australian Pension Shrugs Off AI Bubble Fears, Plans to Buy Dips

Australian Pension Shrugs Off AI Bubble Fears, Plans to Buy Dips
Bloomberg Technology Wednesday 08 July 2026, 04:20 UTC By Matthew Burgess 1 min read
Key Points

Australian Pension Shrugs Off AI Bubble Fears, Plans to Buy Dips UniSuper, one of Australia’s largest pension funds, is looking to buy any pullback in US technology stocks, shrugging off concerns over lofty valuations as it bets artificial intelligence will fuel years of earnings growth. The A$166 billion ($115 billion) fund is structurally overweight US tech companies because they sit in the “sweet spot” of the AI spending cycle, Chief Investment Officer John Pearce said in an interview. If...

Australian Pension Shrugs Off AI Bubble Fears, Plans to Buy Dips UniSuper, one of Australia’s largest pension funds, is looking to buy any pullback in US technology stocks, shrugging off concerns over lofty valuations as it bets artificial intelligence will fuel years of earnings growth. The A$166 billion ($115 billion) fund is structurally overweight US tech companies because they sit in the “sweet spot” of the AI spending cycle, Chief Investment Officer John Pearce said in an interview. If the sector were to fall 10%, “we’d be topping up,” he said.
Australian (ORG) Buy Dips Australian Pension Shrugs Off AI (ORG) UniSuper (ORG) Australia (LOCATION) US (LOCATION) AI (ORG) John Pearce (PERSON)
Originally published by Bloomberg Technology Read original →

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