The AI opportunity is real and likely to remain a powerful force shaping markets for years to come. Investors should not ignore it. But nor should they assume that the most obvious beneficiaries will necessarily deliver the best investment outcomes from today's starting valuations, writes Nisha Thakrar
Mega-cap technology stocks have defined recent markets. Strong fundamentals and enthusiasm around artificial intelligence (AI) have lifted returns, but they have also pushed concentration to levels investors can no longer ignore. The AI opportunity is significant. Its impact on productivity, business models and economic growth is likely to be far-reaching. Across the value chain, from semiconductor manufacturers to software providers, businesses are investing heavily to capture the benefits of this technological shift. While AI is likely to be transformative, the harder question i...
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