BNP Paribas Asset Management argues that US growth stocks could outperform this year, supported by easing inflation, moderating interest rates, and strong corporate fundamentals in sectors like technology and healthcare. They highlight secular growth themes such as artificial intelligence (AI), semiconductors, cloud computing and data centres, reshoring and infrastructure, and innovative healthcare.

“Large growth companies are among the most innovative and disruptive ones in the world. These companies are well-established, with strong financial foundations and experienced management teams that have consistently delivered robust capital appreciation,” explains Chris Fay, Portfolio Manager, US and Global Thematic Equities. “They are generally less vulnerable to economic downturns than small, mid-sized or value stocks through their globally diversified businesses.”

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