Major technology trends like artificial intelligence dominate headlines. But some niche plays like the Internet of Things offer significant potential despite lower hype, according to tech investor Richard Clode. Clode, fund manager at Janus Henderson Investors, named NXP Semiconductors and Impinj as two IoT stocks he sees as long-term winners. He manages the $3.2 billion Horizon Global Technology Leaders Fund, which is invested in both stocks.
line "The best time to invest in technologies is when they've just gone through that revulsion phase of no one ever wants to talk about that technology and because everyone's been burned," Clode said, pointing to the lull in news on IoT right now after grabbing headlines five or six years ago.
in apparel and is now mandated for all of its suppliers in pretty much every category: 'If you want to supply Walmart, you have to tag every item,'" Clode told CNBC's "Pro Talks," highlighting the proliferation of the technology. "We are seeing a lot of these technologies; they are real, they are proliferating, and they are enabling much more efficiency in these supply chains in these retailers," he added.
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