From banks to beauty: Fund manager says AI is giving these companies 'phenomenal' uplift

Artificial intelligence has taken the world by storm, with Big Tech players Amazon , Nvidia , Meta and Microsoft among investors' favorites to play the theme. Liontrust Asset Management's Clare Pleydell-Bouverie is looking beyond the headline-makers, however, to other companies set to gain from AI adoption. She said AI is set to remove "a lot of waste out of people's jobs," and bring about a "phenomenal productivity uplift.

The bank is now developing a ChatGPT-like AI-powered software service called IndexGPT to select and tailor securities according to customers' needs. JPMorgan shares are up around 15% year-to-date and almost 40% over the last 12 months. According to FactSet data, of 28 analysts covering the stock, 20 give it a buy or overweight rating. The average price target on the stock is $213.09, giving it around 9% potential upside.

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

CNBC Pro Talks: Beyond Nvidia: Outperforming fund manager to reveal the AI stocks to buyJoin CNBC's Arabile Gumede as he quizzes Clare Pleydell-Bouverie of Liontrust Asset Management on AI, Big Tech and more.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Yellen sees no 'showstoppers' on G7 Ukraine loan backed by Russian asset earningsU.S. Treasury Secretary Janet Yellen said she does not see 'any showstoppers' in talks with G7 finance ministers about a larger loan to Ukraine.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »