Investors should understand how each company is using the technology to optimize growth.Anything pegged to artificial intelligence has been hot on the market this year. Investors who still have an appetite for growth are turning away from a slower broad stock market and throwing their bets on AI.
He has been in the investment business for over 30 years and his firm has just over $1 billion in assets under management. The firm specializes in global small-cap growth stocks, a category that is ripe with new AI companies. Since these companies are in a growth phase, their future potential isn't always visible in a traditional balance sheet. This is why his firm has a heavy focus on research.
For example, the strongest assets for small, fast-growing companies go home every night, he said. In other words, they are the people that work there. Other success markers could include culture, brand, and the ability to innovate.