*IN ONE HOUR* Positioning for AI Disruption: A Cross-Sector View on Returns and Risks

研报英文原文证据摘录

*IN ONE HOUR* Positioning for AI Disruption: A Cross-Sector View on Returns and Risks

Barclays Host

Hannah Greenberg, Thematic Investing

Barclays Speakers

Raimo Lenschow, U.S. Software

Tom O’Malley, U.S. Semiconductors & Semiconductor Capital Equipment

Nick Campanella, U.S. Power & Utilities

Brandt Montour, U.S. Gaming, Leisure & Lodging

Andrew Mok, U.S. Health Care Facilities & Managed Care

Discuss the Research

To support our global thematic on Positioning for AI Disruption, we bring together

analyst perspectives to assess where value is accruing today, how durable AI advantages

will be, and which sectors are most exposed to disruption and execution risks.

We'll cover key considerations and areas of debate, including:

•• Powering AI – catalyst and constraint: AI and data center load growth is accelerating,

driving a clear opportunity for the Power & Utilities sector. At the same time, operational

and regulatory challenges have emerged as key bottlenecks to execution.

•• Compute – from training to inference: We expect the next 1-2 years to be shaped by

the expanding use of agents and the growth of inference, raising new questions around

architecture, capacity, and the durability of the AI infrastructure cycle.

•• Disruption – what's real vs. what's overstated: AI uncertainty remains at the forefront

of debate in Software, requiring greater differentiation between companies that will

benefit from adoption and those exposed to disruption. In Consumer and Healthcare,

relative positioning is key, as the gap between leaders and laggards widens.

•• Adoption – mapping use cases driving real returns: We identify where AI applications

are driving measurable financial impact and long-term strategic advantage today,

separating the hype from reality.