The artificial-intelligence revolution is just getting started and that means there are opportunities for investors to scoop up some names at a discount, according to Evercore ISI. Since OpenAI's ChatGPT exploded onto the scene in late 2022, mentions of generative AI have risen dramatically across C-suite transcripts, senior managing director Julian Emanuel wrote in a note Sunday. Yet adoption is low, with less than 5% of U.S. firms reporting using AI, he said, citing U.S.
Investors should also be patient in buying names on the list, which have experienced maximum momentum, up to two times the S & P 500 's 21.7% gain since the October 2023 low, Emanuel added. One of the names on the list is Uber Technologies , which mentioned AI 17 times last year. The ride-sharing company's platform that matches drivers with passengers or couriers with groceries is driven by AI.
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