AI stocks: Five ways to play the long-term artificial intelligence theme on the ASX

I am often asked, “What is the next big thing?” Obviously, at the minute, everyone wants me to respond with artificial intelligence, and I do. Why wouldn’t I? The meteoric rise of AI-related businesses in the US has even led to the well-worn acronym of FAANG being upgraded to the magnificent seven.movie] break the ice, my mind immediately goes to the reality that AI has been part of our daily and working lives for the past 20 years.

The first question is usually followed up with, “So who benefits most from this ‘seismic’ shift’?” My response is more nuanced – I tend to focus more on themes because focusing on individual shares at this point is like pursuing a racehorse after giving it a 10-length start.

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