---
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)
---

# 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

- [1 hyperscaler stock to buy, 1 to hold, and 1 to avoid](https://longbridge.com/en/news/295665236.md)
- [Satya Nadella's Microsoft stock jumped 18% in a week after Azure's annual revenue topped $100 billion for the first time. Is it still a buy?](https://longbridge.com/en/news/296029585.md)
- [AI prices are plunging. That feels bad, but something else is happening.](https://longbridge.com/en/news/295909356.md)
- [Palantir and these software stocks slide in seesaw with chip giants](https://longbridge.com/en/news/295676485.md)
- [NVDA Stock Alert: Nvidia CEO Jensen Huang Says Chips Are ‘Investable Asset Class’](https://longbridge.com/en/news/296001978.md)