Morgan Stanley says these global stocks will soar on the $150 billion generative AI boom

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Generative artificial intelligence is taking the world by storm and it's not just the U.S. tech giants that are set to benefit, according to Morgan Stanley.

Generative artificial intelligence — or the usage of generative models powered by AI to generate text, images, or other media — is taking the world by storm and it's not just the U.S. tech giants that are set to benefit, according to Morgan Stanley. In an Oct. 2 note, the bank's analysts led by Adam Wood highlighted that the technology enables the automation of several categories of work and "is set to expand global software spending by [around] $150 billion in the next three years.

mountain Year-to-date performance of shares in SAP On SAP, Morgan Stanley's analysts said the company is likely to "benefit from price increases in 2023" as well as better product integration which will enable "strong cross-selling." DSY-FR YTD mountain Year-to-date performance of shares in Dassault Systemes Meanwhile, they like Dassault Systèmes for its "highly recurring software business models with growth.

 

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