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UBS managing director Alli McCartney says investors will look to AI revenue and productivity gains, alongside the Federal Reserve’s rate path, to judge where markets go after the US midterm elections.

In an interview cited by TradingView, McCartney argued that AI productivity needs to spread beyond large cloud providers to support companies more broadly. She also named Iran and oil prices as risks that could raise costs and squeeze margins. That is an investor’s market view, not a forecast with the future attached.

Discuss: Should AI companies be judged by revenue they deliver now, or by the infrastructure they are building for later?

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