AI Stocks’ Long-Term Outlook Hinges on Token Economics and Commercialization

Liao Ting-ting, senior associate vice president in KGI Bank’s Wealth Management Division, sees long-term structural growth in the AI industry, driven by the continuing decline in model token costs and the accelerating adoption of AI agents in corporate workflows. These trends will affect technology companies’ revenue, earnings and valuations, making them key fundamental indicators of whether the bull market in AI stocks can continue.

The latest analysis says AI stocks face near-term pressure from high volatility and elevated valuations after a strong rally, though the commercialization of enterprise AI agents could support further growth. Liao recommends that investors allocate funds among equities, bonds and multi-asset investments according to their risk tolerance. The related report provided no specific publication date, decline in token costs, investment amount or target price.