Global equities rally boosts iShares MSCI ACWI ETF with strong earnings and AI sector growth.

The iShares MSCI ACWI ETF (ACWI) is recommended as a buy amid a global stock rally driven by robust earnings growth and strong technical momentum. The ETF's valuation is reasonable at a forward P/E of 15.5, with long-term earnings per share growth improving compared to 16 months ago. Information Technology now makes up 32% of ACWI, increasing exposure to the AI sector and concentration risk among top holdings. Despite some expected seasonal weakness, the ETF's upward trend, rising 200-day moving average, and support above $148 justify maintaining a long position.