Woofun AI reports that UniSuper, one of Australia's largest pension funds, plans to purchase US technology stocks during market declines. The fund disregards concerns regarding an artificial intelligence bubble, betting instead on AI-driven earnings growth in the coming years.

Chief Investment Officer John Pierce stated the fund maintains a structural overweight position in US tech, viewing the sector as being at the "sweet spot" of the AI spending cycle. Even if the sector retraces by 10%, UniSuper intends to further increase its exposure. Pierce noted that while valuations are high, the companies remain fundamentally sound with strong growth prospects. With $115 billion in assets under management, UniSuper has held this overweight stance for months, with Nvidia, Microsoft, and Apple among its top holdings.