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Category: research Research
Rethinking value creation: The future of software in the age of AI
The AI boom is transforming nearly every corner of the market, but software – once the engine of tech growth – is struggling to keep pace, underperforming chip and hardware stocks by nearly 30 points year to date. However, the market may be missing a bigger picture, says Enterprise Software Analyst Gregg Moskowitz. Is software truly at risk? And which companies will emerge as winners, and which will be left behind? Read our latest Insights to learn how AI is reshaping the sector.
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Category: research Research
Building the infrastructure behind AI: why the engineering & construction sector is entering a new supercycle
The race for AI dominance is no longer decided by computing power, but by physical infrastructure – the substations, transmission lines, gas pipelines, and cooling systems that fuel large servers and data centers. For the Engineering and Construction industry, the buildout of large-scale infrastructure projects represents more than a short-term opportunity. Maheep Mandloi, Mizuho’s Senior Clean Energy Equity Research Analyst, explains that it’s the foundation of a multi-decade growth cycle as technology and industrial development converge.
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Category: research Research
Building resilience: What we heard at Mizuho’s 2025 Industrials & Chemicals Conference
Industrials and chemicals are entering a new phase as global pressures and innovation reshape the competitive landscape. Following years of expansion, oversupply and geopolitical shifts are forcing strategic pivots. Mizuho Equity Research Analysts Brett Linzey, Saurabh Dhir, and John Roberts unpack how M&A, AI, and policy shifts are redefining resilience and growth.
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Category: research Research
The next chapter of online shopping: From search bars to AI agents
E-commerce is entering a new era as artificial intelligence reshapes the online shopping experience. After years of stagnation, with U.S. online retail penetration hovering around 20%, AI agents are poised to disrupt the status quo. David Bellinger, Senior US Consumer Equities Research Analyst, explores how generative AI is transforming consumer behavior, redefining search, and challenging the economics of retail.
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Category: research Research
What expiring ACA subsidies could mean for consumers and the economy
The U.S. health insurance market faces disruption as enhanced premium tax credits (eAPTCs) expire in 2025. Millions may see higher premiums, reduced coverage, and economic strain. Ann Hynes, Senior US Healthcare Equity Research Analyst, analyzes the impact of eAPTCs, the political challenges to their extension, and forecasts economic and healthcare disruptions if they expire.
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Category: research Research
Bracing for impact: Tariffs, trade deals, and recession risk
Tariff policy is reshaping the U.S. industrial landscape, with President Trump’s sweeping 10% import tariff triggering market volatility and strategic shifts across sectors. These developments are prompting companies to rethink pricing, supply chains, and capital allocation. Brett Linzey, Senior US Industrials Equity Research Analyst, examines how easing trade tensions, recession concerns, and the long-term trend toward reshoring are redefining risk and revealing new investment opportunities across the economy.
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Category: research Research
The gray wave: How an aging population is reshaping the economy
The aging population is reshaping the economy, with Americans aged 75 and older projected to make up 10% of the population by 2030. This demographic shift is driving increased spending in healthcare, housing, and automation. Vikram Malholtra, Senior US Real Estate Equity Research Analyst, and Brett Linzey, Senior US Industrials Equity Research Analyst, explore how these changes present significant opportunities for investors, transforming sectors and unlocking new growth potential.
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Category: research Research
Navigating market fluctuations: gauging emergent opportunities within consumer hardlines
Sluggish sales activity from key firms in consumer hardlines – a $3 trillion subsector that encompasses durable goods ranging from appliances, to tools, to electronics - along with certain negative economic indicators, have led some analysts to question the financial health of the industry. But a closer look at consumer hardlines through our team's holistic lens – covering both traditional retail and emerging digital platforms – reveals a more nuanced picture.
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Category: research Research
The analyst: what is the future of renewables?
The future of renewables is vast with many opportunities for growth. We estimate the US will spend $50 to $90 billion dollars per year on the sector over the next few decades. Maheep Mandloi, Senior Clean Energy Equity Research Analyst, explores what’s driving the demand, emerging technologies, and potential risks in our recent series, “The Analyst.”