As the buzz around artificial intelligence continues to build, investors are on the lookout for under-the-radar sectors — and stocks — best placed to benefit. Carnegie Investment Counsel's Christopher Carey is no different. Carey, a portfolio manager at the U.S.-headquartered investment advisory firm which manages around $4 billion, estimates that returns from AI will be across "multi-years decades.
"I think people really appreciate the size and magnitude of the U.S. grid, and what a pain it is going to be to upgrade it over the long term, so I don't really see anything as a long-term negative for companies or in the wider power management ecosystem," he said. Among the names Carey is bullish on is power management company Eaton . He said it is set to benefit from heightened demand for the setup and upgrade of electrical grids as more data centers are required.
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »