This tech company is the 'best possible beneficiary' of A.I., says fund manager

  • 📰 CNBC
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

'It's got a dedicated, very, very, large audience of customers, and the ability to monetize technology change has been well proven,' Ben Rogoff tells CNBC.

Microsoft , Alphabet and chipmaker Nvidia are usually regarded as the biggest beneficiaries of artificial intelligence's growing popularity. But there's another tech giant that looks likely to be the "best possible beneficiary," according to Ben Rogoff, a portfolio manager at Polar Capital with 25 years of investing experience. That's Apple , Rogoff told CNBC Pro Talks last week.

"When you look at things like Siri, when you look at some of the functionality already being built into some of the watches, things like crash detection, those are the companies that I think if there's a way to monetize AI amongst them to either create more stickiness and less churn in its user base, or just … new revenue opportunities, I think Apple will take it," he said. Rogoff reiterated that he's "favorable" on Apple.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines