Second wave of AI investment calls for more diversification

Investors urged to think outside the box and away from technology

Hope Coumbe
clock • 2 min read

The ‘booming’ artificial intelligence (AI) market is entering a second phase in which investors need to be thinking more creatively to maximise opportunities, experts say.

Neuberger Berman chief investment officer for private wealth Shannon Saccocia said the first year of the generative AI investment theme "was both amazingly concentrated and oddly discerning". "We think the second wave of the theme is likely to disrupt all of that," she added. "AI is about more than Nvidia and it is not just about the tech sector, either." While acknowledging the technology giant's stock performance is up 79% this year, deVere Group chief executive Nigel Green agreed investors need to look further than large tech firms. He said: "Investing in Nvidia undoubtedly offe...

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