Artificial Intelligence Stocks You Might Be Missing: Analyst Breaks Down AI Beneficiaries Into 4 Groups
Portfolio Pulse from Adam Eckert
RBC Capital predicts that companies failing to embrace generative AI will see their multiples compress by over 50% in the next five years. The firm has identified four categories of AI beneficiaries: market leaders, vertical software leaders, mid-market challengers, and generative AI enablers. Microsoft and Salesforce are among the market leaders, while Amazon, Alphabet, Meta, Snap, and Pinterest are internet companies that can benefit from AI acceleration.
June 13, 2023 | 6:37 pm
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RBC Capital expects Amazon to publicize its progress on generative AI, noting that the company has had AI integrated in cloud for longer than Microsoft or Google.
Amazon is mentioned as an internet company that can benefit from AI acceleration. RBC Capital expects the company to publicize its progress on generative AI, which could have a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Salesforce is identified as a market leader in AI by RBC Capital, with advantages in data and distribution.
Salesforce is mentioned as a market leader alongside Microsoft, with advantages in data and distribution. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alphabet is identified by RBC Capital as an internet company that can benefit from AI acceleration.
Alphabet is mentioned as an internet company that can benefit from AI acceleration, along with other major tech companies. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Alphabet is identified by RBC Capital as an internet company that can benefit from AI acceleration.
Alphabet is mentioned as an internet company that can benefit from AI acceleration, along with other major tech companies. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Guidewire Software is identified by RBC Capital as a vertical software leader that can benefit from AI, offering significant data pools and the ability to verticalize generative AI solutions.
Guidewire Software is mentioned as a vertical software leader that can benefit from AI, offering significant data pools and the ability to verticalize generative AI solutions. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
HubSpot is identified by RBC Capital as a mid-market challenger that can benefit from AI, using generative AI to accelerate functionality and narrow the gap between enterprise software companies.
HubSpot is mentioned as a mid-market challenger that can benefit from AI, using generative AI to accelerate functionality and narrow the gap between enterprise software companies. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
MongoDB is identified by RBC Capital as a mid-market challenger that can benefit from AI, using generative AI to accelerate functionality and narrow the gap between enterprise software companies.
MongoDB is mentioned as a mid-market challenger that can benefit from AI, using generative AI to accelerate functionality and narrow the gap between enterprise software companies. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Meta Platforms is identified by RBC Capital as an internet company that can benefit from AI acceleration, offering generative AI tools that drive cost savings for advertisers.
Meta Platforms is mentioned as an internet company that can benefit from AI acceleration, offering generative AI tools that drive cost savings for advertisers. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Microsoft is identified as a market leader and generative AI enabler by RBC Capital, with potential to generate $600 million in annual recurring revenue from its investment in OpenAI's ChatGPT.
Microsoft is mentioned as a market leader with advantages in data and distribution, and as the only company that stands out in the generative AI enablers category. RBC Capital expects Microsoft to generate significant revenue from its investment in OpenAI's ChatGPT, which indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Pinterest is identified by RBC Capital as an internet company that can benefit from AI acceleration.
Pinterest is mentioned as an internet company that can benefit from AI acceleration, along with other major tech companies. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Snap is identified by RBC Capital as an internet company that can benefit from AI acceleration.
Snap is mentioned as an internet company that can benefit from AI acceleration, along with other major tech companies. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Veeva Systems is identified by RBC Capital as a vertical software leader that can benefit from AI, offering significant data pools and the ability to verticalize generative AI solutions.
Veeva Systems is mentioned as a vertical software leader that can benefit from AI, offering significant data pools and the ability to verticalize generative AI solutions. This recognition by RBC Capital indicates a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100