These AI 'enablers, adopters and adapters' are seeing earnings grow and their stocks outperform, Evercore ISI says

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Evercore ISI is updating some of its top picks that are poised to benefit from AI as third-quarter earnings season kicks into high gear.

Evercore ISI is updating some of its top picks that it says are poised to benefit from the application of artificial intelligence as third-quarter earnings season kicks into high gear. Ongoing macroeconomic challenges such as rising bond yields, elevated oil prices and the war in the Middle East could present a daunting backdrop as third-quarter reports flood in.

Here are some of the companies that made the Evercore ISI list: It's no surprise that popular technology names Alphabet and Nvidia made the cut, given their dominant roles in 2023's AI-fueled stock market advance. Nvidia shares have more than tripled since the start of the year, while Google and YouTube parent Alphabet has rallied 57%. Evercore ISI estimates that the search giant has a 44% exposure to generative AI. But Emanuel sees a host of other AI beneficiaries outside technology.

 

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