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 in Sync
The core of U.S. stocks' long-term allocation value lies in the convergence of three key drivers: institutional advantages, the real validation cycle of the AI industry, and structural capital inflows—rather than short-term macro trading opportunities.
U.S. equity markets, particularly the Nasdaq, have significantly outperformed global peers like China’s创业板指 and恒生科技指数 from 2015 to 2025, with smaller drawdowns and stronger compound returns. This resilience stems from deep institutional strengths: a mature innovation financing ecosystem, corporate fiscal discipline, shareholder return mechanisms, and the dollar’s global liquidity role.
The AI industry is transitioning from infrastructure expansion to application penetration. Real adoption is accelerating—78% of organizations reported using AI in 2024—and capital expenditure by AI-related U.S. firms has nearly doubled since 2019. This reflects tangible investment, not speculative valuation.
Global institutional capital, particularly from Europe, has structurally increased allocation to U.S. equities, with overseas holdings rising ~48% over the past two years. The deep, liquid U.S. market offers concentrated exposure to leading tech and AI assets with high regulatory predictability and low transaction costs.
While 2026 may see moderate rate cuts and fiscal policy debates, the long-term outlook remains robust. Short-term volatility may offer entry opportunities. The enduring value of U.S. stocks is anchored in this self-reinforcing system of institutional, technological, and capital advantages—making them a core holding for long-term investors.
Matrixport02/13 08:38
