Artificial intelligence-adjacent stocks have been the clear leaders of this bull rally, but there may still be some potential beneficiaries of the trend that haven't caught up yet, according to Aaron Dunn.
Shares of Micron have rallied 9% so far this year, but Nvidia has gained 77% over the same time period.
MU 6M mountain MU 6-month chart Dunn also listed professional services firm Accenture as a potential AI beneficiary.
"Businesses will need help in understanding how AI should be used and the eventual implementation of those technologies," he said.
ACN 6M mountain ACN 6-month chart Dunn's fund, Eaton Vance's Focused Value Opportunities Fund , has underperformed its benchmark, the Russell 1000 Value Index , so far this year.
Persons:
Aaron Dunn, Dunn, Eaton Vance, he's, that's, it's, —, Eaton
Organizations:
Morgan Stanley Investment Management, Eaton Vance Value, CNBC, Micron, Accenture, U.S, MU, Nvidia, Morningstar