Barclays has named several global stocks that are expected to do well as the usage of artificial intelligence-related services evolves. The investment bank acknowledged that hardware and infrastructure giants, most notably Nvidia and Microsoft , are currently seeing the immediate benefits of the AI hype. Still, over the long term, it said businesses in the service sector could cash in significantly.
Capgemini was also among the companies identified by Goldman Sachs earlier this month as stocks with the potential to be boosted by AI applications over the medium and long term. The below table highlights non-U.S. stocks in Barclays' basket of AI stocks. Japanese and Taiwanese companies dominate the list, with six stocks from each country.
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