Morgan Stanley offers alternative ways to invest in artificial intelligence beyond the usual stocks.
Morgan Stanley offers alternative ways to invest in artificial intelligence beyond the usual stocks.
“Companies that are early in adopting AI continue to be our favorites, but also those where our analysts see the greatest potential for productivity gains,” wrote analysts led by London-based Edward Stanley.
The bank sees the spread of AI in stages, starting with companies like Microsoft, Meta Platforms and popular names in the semiconductor industry. Among the beneficiaries are companies that are poised to gain a productivity boost from AI.
In the short term, Morgan Stanley considers “the smartphone supply chain as the least obvious and most catalyst-rich way to invest in AI”, while in the long term, opportunities could emerge as PCs enable the “growing trend of AI Edge,” and robotics “plays an important role in driving this AI subtheme through the remainder of the decade.”
Companies that provide energy for data centers and that meet the need for greater energy efficiency should benefit from increasing energy use for these tools to 4% of total energy consumption by 2035 from 1% today.
In this context, here are some of the top stocks selected by Morgan Stanley:
- AbbVie
- Baidu
- Apple
- Prologis
- Arista Networks
- Oracle
- Starbucks
- Baker Hughes
- Palantir Technologies
- Take-Two Interactive
- Asanas
Several popular tech stocks made the list alongside regular AI players like Nvidia, Microsoft, and Alphabet. These include Apple, Chinese internet company Baidu and Palantir Technologies.
Apple shares have struggled, falling 10% year to date and underperforming five of the six other Magnificent 7 stocks, partly due to a lack of coherent AI strategy. However, analysts’ average target price of $199 suggests Apple shares can still rise 15%.
Oracle has also been included. The database software provider attributed a 12% increase in sales in its cloud services and licensing support segment to an increase in demand for AI servers. The stock is now up 20% since the beginning of the year.
| DISCLAIMER The information and considerations in this article should not be used as the sole or primary basis for making investment decisions. The reader retains full freedom in his own investment choices and full responsibility in making them, since he alone knows his risk propensity and his time horizon. The information contained in the article is provided for informational purposes only and its disclosure does not constitute and should not be considered an offer or solicitation to the public for savings. |
Original article published on Money.it Italy 2024-04-09 07:17:00. Original title: 15 azioni per investire sull’IA secondo Morgan Stanley
