AI is coming, and RBC analysts have determined which stocks will most profit from it.RBC says that AI is one of the most transformative developments in tech in the last 20 years.They added that in many cases, the"rising tide" of AI will benefit broad swaths of the market.
In a recent note to clients, the firm called generative AI a"capacity unlock" that increases the capabilities of technology in general. It says there were three of these momentous technological breakthroughs before AI: the internet, software as a service and cloud computing, and mobility. The group wrote that AI will be a rising tide that enriches a large number of tech-focused businesses, and warned that companies that don't get on board quickly have a lot to lose.
Microsoft has gotten a great deal of attention in the early days of this new era, and the analysts agree the company is in a strong competitive position. But they said it's too soon to count out Alphabet,But it's not just the established tech titans that can profit from the advent of AI technology.
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