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Matrixport Research Report | Re-evaluating the Long-Term Allocation Value of U.S. Stocks: Institutional Dividends, Industry Cycles, and Global Capital Resonance

Matrixport Research Report: Reassessing the Long-Term Allocation Value of U.S. Stocks — Institutional Advantages, Industry Cycle, and Global Capital Resonance The core of U.S. stocks' long-term allocation value lies in the convergence of three key drivers: institutional advantages, the tangible AI industry cycle, and structural increases in global capital allocation—not short-term macro trading. U.S. equities remain a core allocation option for long-term investors, supported by structural strengths. From 2015 to 2025, the Nasdaq Composite significantly outperformed major Chinese tech indices with lower drawdowns, reflecting the benefits of a mature innovation financing ecosystem, corporate cash flow discipline, and the dollar’s global liquidity role. The AI industry is transitioning from infrastructure expansion to application penetration. Real adoption is accelerating, with 78% of organizations reporting AI use in 2024. U.S. AI-related capex nearly doubled from 2019 to 2025, indicating sustained investment cycle rather than speculative hype. Global institutional holdings of U.S. equities rose ~48% from 2023 to 2025, reflecting strategic reallocation—not short-term inflows. This is driven by the market’s depth, regulatory predictability, and concentrated exposure to leading tech and AI assets. While 2026 may see moderate rate cuts and fiscal policy debates, the long-term outlook remains intact. Short-term volatility may offer entry opportunities, given the resilience of structural drivers. In summary, U.S. stocks represent a rare combination of institutional, technological, and capital advantages, reinforcing their role as a long-term core holding.

Matrixport02/12 10:51

Matrixport Research Report | Re-evaluating the Long-Term Allocation Value of U.S. Stocks: Institutional Dividends, Industry Cycles, and Global Capital Resonance

Matrixport02/12 10:51

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