---
title: "Amid 'Token Optimization' & 'Open-Model Invasion', UBS Says The AI Trade Is Not Breaking, It's Maturing"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293501407.md"
description: "The twin AI trends of token optimization and a share shift to cheaper open models (Chinese or otherwise) are dominating investor's thoughts over the last several weeks, as they judge whether and how these trends will impact AI spending and specifically chip/hardware suppliers, the hyperscalers (AWS/Azure) and the software sector.What UBS Heard..."
datetime: "2026-07-22T16:50:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293501407.md)
  - [en](https://longbridge.com/en/news/293501407.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293501407.md)
generator: "portal-rs"
---

# Amid 'Token Optimization' & 'Open-Model Invasion', UBS Says The AI Trade Is Not Breaking, It's Maturing

**The twin AI trends of token optimization and a share shift to cheaper open models (Chinese or otherwise) are dominating investor's thoughts** over the last several weeks, as they judge whether and how these trends will impact AI spending and specifically chip/hardware suppliers, the hyperscalers (AWS/Azure) and the software sector.

## What UBS Heard...

### Related Stocks

- [UBS.US](https://longbridge.com/en/quote/UBS.US.md)

## Related News & Research

- [Microsoft Changes Reporting Structure to Spotlight Azure Sales](https://longbridge.com/en/news/297868455.md)
- [Microsoft CEO Nadella Sells $43M in Stock for First Time in 2026. Should Investors Worry?](https://longbridge.com/en/news/297996664.md)
- [LIVE MARKETS-Hyperscalers are chasing AGI, but investors want proof](https://longbridge.com/en/news/297352501.md)
- [From tokens to outcomes: Google Cloud’s global startups head sees AI cost shift, expands Singapore push](https://longbridge.com/en/news/297858696.md)
- [Hyperscale Data GAAP EPS of -$0.05, revenue of $34.8M](https://longbridge.com/en/news/297695459.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**