--- title: "Australian pension fund UniSuper ignores concerns about the AI bubble and plans to buy technology stocks on dips" type: "News" locale: "en" url: "https://longbridge.com/en/news/292014114.md" description: "One of Australia's largest pension funds, UniSuper, is seeking to buy into U.S. tech stocks during the current pullback, disregarding concerns over high valuations, and betting that artificial intelligence will drive profit growth in the coming years. The fund's Chief Investment Officer, John Pearce, stated that the fund is structurally overweight in U.S. tech stocks, as they are at the \"sweet spot\" of the AI spending cycle, and will increase their positions even if the sector pulls back by 10%. This bullish stance highlights the growing divergence among investors regarding the long-term outlook for U.S. mega-cap tech stocks, which are retreating from record highs set last month. Pearce remarked, \"Everyone is talking about a bubble, but valuations do not reflect that. We know they are making significant capital expenditures, but they are fundamentally strong companies with good growth prospects, so we are very willing to remain bullish.\" UniSuper has a size of AUD 166 billion (approximately USD 115 billion) and has maintained an overweight position in U.S. tech stocks for several months. International equities account for about 35% of its default investment strategy, with NVIDIA, Microsoft, and Apple being its largest holdings" datetime: "2026-07-08T05:01:25.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292014114.md) - [en](https://longbridge.com/en/news/292014114.md) - [zh-HK](https://longbridge.com/zh-HK/news/292014114.md) --- # Australian pension fund UniSuper ignores concerns about the AI bubble and plans to buy technology stocks on dips On July 8th, Jinshi Data reported that UniSuper, one of Australia's largest pension funds, is seeking to buy during the pullback of U.S. tech stocks, disregarding concerns about high valuations, betting that artificial intelligence will drive profit growth in the coming years. The fund's Chief Investment Officer, John Pearce, stated that the fund is structurally overweight in U.S. tech stocks, as they are at the "sweet spot" of the AI spending cycle, and will increase positions even if the sector pulls back by 10%. This bullish stance highlights the growing divergence among investors regarding the long-term outlook for U.S. mega-cap tech stocks, which are retreating from last month's record highs. Pearce remarked, "Everyone is talking about a bubble, but valuations do not reflect that. We know they are making huge capital expenditures, but they are fundamentally strong companies with good growth prospects, so we are very willing to remain bullish." UniSuper has a size of AUD 166 billion (approximately USD 115 billion) and has maintained an overweight position in U.S. tech stocks for several months. 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