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☆ These are the stocks to play the next 'bottleneck' in AI, according to the pros
▼ + stars: | 2024-06-13 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

But the next bottleneck in AI infrastructure — and one to invest in — is networking, according to tech analysts. An increase in investment in generative AI model training and inference will drive the AI networking spending growth of 34% over the next five years, said the firm. "Networking creates a performance bottleneck for generative AI model development," Morningstar's analysts said. "Well-positioned networking firms are a great second derivative play to invest in generative AI," they added. Stocks to play the trend Marvell Technology is Morningstar's top pick to play the generative AI networking trend, with the firm saying it is "attractively undervalued" currently and giving investors an "immediately opportunity" to tap rising generative AI networking investment.

Persons: There's, Clare Pleydell, William D, Kerwin, Brian Colello, Morningstar, Bouverie Organizations: Nvidia, Microsoft, Networking, Morningstar, Liontrust Asset Management, CNBC, That's, Marvell, Arista Networks, Broadcom, Arista, Meta

☆ From banks to beauty: Fund manager says AI is giving these companies 'phenomenal' uplift
▼ + stars: | 2024-06-12 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

Liontrust Asset Management's Clare Pleydell-Bouverie is looking beyond the headline-makers, however, to other companies set to gain from AI adoption. She said AI is set to remove "a lot of waste out of people's jobs," and bring about a "phenomenal productivity uplift." 'Higher customer conversion' Pleydell-Bouverie also said consumer-facing companies like French beauty and cosmetics label L'Oreal stand to gain from the adoption of AI. "They've pioneered beauty tech as an industry," she said, adding that the company's generative AI beauty assistant system has a 60% higher customer conversion than in-store advisors. The analysts have an average price of $450.25 on L'Oreal, giving it slightly downside potential.

Persons: Clare Pleydell, CNBC's, Bouverie, They've Organizations: Big Tech, Amazon, Nvidia, Meta, Microsoft, Liontrust Global Technology Fund, Technology, JPMorgan Chase, JPMorgan, L'Oreal, Euronext Locations: Euronext Paris, U.S

☆ Move over, Nvidia: Fund manager likes 'overlooked' chipmaker with billions in AI chip sales
▼ + stars: | 2024-06-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Chipmaker Nvidia is clearly the poster child for artificial intelligence, according to one portfolio manager — but she says another firm is being overlooked. "[We] think of Nvidia as the poster child for AI chips, and they are. But, [Broadcom] was another company that posted over a billion in revenue from AI chips," Pleydell-Bouverie told CNBC's Pro Talks . For the first quarter , Broadcom said revenue came in at $11.96 billion , topping analysts' forecasts of $11.72 billion. AVGO YTD mountain Year-to-date share movement in Broadcom Pleydell-Bouverie flagged that the company has a "leading position" in segments like custom ASICs (Application-Specific Integrated Circuits).

Persons: —, Clare Pleydell, Bouverie, CNBC's, Hock Tan, Bernstein, Stacy Rasgon, Fred Imbert Organizations: Nvidia, Broadcom Inc, Broadcom, Nasdaq, Broadcom Pleydell, Circuits, Liontrust Global Technology Fund, Technology

☆ Will the AI spending boom pay off? One tech fund manager says it looks 'compelling' for some firms
▼ + stars: | 2024-06-05 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Many companies are in the AI infrastructure buildout phase right now. That's because, in order to enable AI applications, companies have to make the switch from "general purpose computing to accelerated computing," she said. "You can't run AI on traditional compute, it would be prohibitively expensive, and far too energy intensive," said Pleydell-Bouverie. That's a 35% increase from last year, she said, and all this incremental investment is being directed to AI initiatives. And the world is "only in the first five minutes of this AI infrastructure buildout," she added.

Persons: Clare Pleydell, Bouverie, Meta Organizations: Nvidia, Microsoft, Meta, Liontrust Asset Management, CNBC Pro, Google, Apple, JPMorgan, Liontrust Global Technology Fund, Technology

☆ CNBC Pro Talks: Beyond Nvidia: Outperforming fund manager reveals the top AI stocks to buy
▼ + stars: | 2024-05-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC Pro Talks: Beyond Nvidia: Outperforming fund manager reveals the top AI stocks to buyClare Pleydell-Bouverie, who co-manages Liontrust Asset Management’s global tech, innovation and dividend funds, revealed her favorite ways to play the themes of artificial intelligence, Big Tech and more.

Persons: Clare Pleydell Organizations: Big Tech

☆ CNBC Pro Talks: Beyond Nvidia: Outperforming fund manager to reveal the AI stocks to buy
▼ + stars: | 2024-05-28 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +2 min

As the hype surrounding artificial intelligence shows no signs of abating, one tech fund manager is set to reveal her top ways to play the AI theme. On Wednesday's Pro Talks, Pleydell-Bouverie — who co-manages Lionstrust's global tech, innovation and dividend funds — will name companies that are "selling the picks and shovels for AI" and are "already making money." Pleydell-Bouverie manages the Liontrust Global Innovation, Liontrust Global Dividend and Liontrust Global Technology funds. Over the year to the end of March, all three funds have beaten their benchmark indexes, with the Liontrust Global Technology Fund rising 51.9%, compared to the MSCI World Information Technology Index's 39.1%. Learn more from our previous Pro Talks: Should investors buy the dip in Lululemon?

Persons: Clare Pleydell, Bouverie —, Bouverie Organizations: Liontrust, Management, Big Tech, Tech, Liontrust Global Technology, Liontrust Global Technology Fund, Technology, CNBC, Nvidia Locations: London, Singapore

☆ Despite its high valuation, Nvidia is undervalued, says Clare Pleydell-Bouverie
▼ + stars: | 2024-05-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDespite its high valuation, Nvidia is undervalued, says Clare Pleydell-BouverieClare Pleydell-Bouverie, Fund Manager at Liontrust Asset Management, discusses the Fed, tech stocks, and AI-enabled plays.

Persons: Clare Pleydell Organizations: Nvidia, Asset Management

☆ GAM’s end game still has a way to go
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Sarah Meyssonnier/File Photo Acquire Licensing RightsMILAN, Aug 24 (Reuters Breakingviews) - GAM’s (GAMH.S) long-running takeover saga has entered a critical phase. The ball is now with the opposing shareholders, which control nearly 10% of the asset manager. The NewGAMe crowd has proposed issuing a 25 million Swiss franc convertible bond to give GAM some breathing space. But this won’t cover expected losses, restructuring charges and pension costs amounting to at least 100 million Swiss francs, GAM has calculated. As things stand, to win the game of rescuing this embattled asset manager, investors will have to dig deep.

Persons: Xavier Niel, Sarah Meyssonnier, NewGAMe’s, Lisa Jucca, Coinbase’s, Aimee Donnellan, Streisand Neto Organizations: French, REUTERS, Reuters, Management, GAM, X, Thomson Locations: Paris, France, French, Ukraine

☆ Liontrust faces $14 million one-off charge after GAM offer failure
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

The logo of GAM investment management company is seen at its headquarters in Zurich, Switzerland July 29, 2019. The British company said it had secured backing from shareholders representing a total of 53,250,357 GAM Shares, corresponding to 33.45% of total stock subject to its offer. "Liontrust made a full and fair offer for GAM, which reflected the financial reality of the business and would have provided a certain and sustainable solution," John Ions, Liontrust CEO said in a statement. "We are disappointed we did not win the support of the majority of GAM's shareholders and are grateful to those GAM and Liontrust shareholders who did back our offer," he said. Separately on Thursday, GAM said it had begun "constructive and productive" refinancing discussions with representatives of the investor group Newgame.

Persons: Arnd, Liontrust, John, Sinead Cruise, Lawrence White Organizations: REUTERS, Liontrust, Management, GAM, AG, Thomson Locations: Zurich, Switzerland, Swiss, British

☆ Xavier Niel’s GAM raid looks less quixotic
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

NewGAMe, whose backers include telecoms mogul Xavier Niel and Swiss wealth manager Bruellan, launched a tender offer for just under 18% of GAM’s shares. Liontrust’s offer looked like the least bad option for GAM, which is losing money as its assets have more than halved since 2018 to 68 billion Swiss francs. And at least one other investor, with 6.5%, has said it won’t accept Liontrust’s offer. That means Liontrust will probably struggle to get to the two-thirds vote it would need to take over GAM. But GAM also has over 2 billion Swiss francs of tax losses to carry forward, lowering any future tax burden.

Persons: Xavier Niel, Bruellan, NewGAMe, Neil Unmack, Aimee Donnellan, Oliver Taslic Organizations: Reuters, GAM, Liontrust Asset Management, Twitter, Commonwealth Games, Cathay, Thomson Locations: Swiss

☆ Xavier Niel offers risky alternative for sick GAM
▼ + stars: | 2023-06-08 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 8 (Reuters Breakingviews) - French billionaire Xavier Niel is asking investors to have one last flutter on GAM (GAMH.S). GAM investors will receive shares in Liontrust worth around 0.5% of the target company’s assets under management back in May, and even less now. If all goes well, GAM’s current investors could still keep a much larger share of the upside than they would with the Liontrust deal. The risk, however, is that GAM’s turnaround proves hard, cost cuts are more expensive and damaging, and the group keeps losing assets or staff. Moreover, it’s plausible that Niel wins enough backing to block the deal, but not enough to replace the board, leaving GAM in limbo.

Persons: Xavier Niel, Niel, Bruellan, manager’s, Neil Unmack, Liam Proud, Streisand Neto Organizations: Reuters, Liontrust Asset Management, Twitter, Toyota, Thomson Locations: Liontrust

☆ GAM’s takeover rebels have a weak hand
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +2 min

The billionaire has a good track record in activism, having agitated to block a rights issue at Unibail-Rodamco-Westfield (URW.PA). But getting a better deal at GAM looks hard. NewGAMe, backed by Niel, and its partner Bruellan are right that the Liontrust offer is far from appealing. The agitators hope to exceed a 10% stake, enough perhaps to stop Liontrust from taking full ownership of GAM. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Swiss lender ZKB held takeover talks with GAM Holding, Financial Times reports
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +1 min

April 22 (Reuters) - Swiss lender Zuercher Kantonalbank, known locally as ZKB, has held takeover talks with GAM Holding AG (GAMH.S), the Financial Times reported on Saturday, citing people familiar with the matter. London-listed Liontrust Asset Management (LIO.L) said earlier this week it was discussing a potential merger of its investment management unit with GAM. In an emailed statement, ZKB declined to comment on whether takeover talks had taken place with GAM, but said the company was "constantly examining opportunities within its business development strategy". According to the Financial Times report, Z Capital Group, a New York-based investment firm, is also interested in buying GAM. GAM and Z Capital did not immediately respond to requests for comment.

☆ Zürcher Kantonalbank held takeover talks with GAM Holding -FT
▼ + stars: | 2023-04-22 | by ( ) www.reuters.com time to read: +1 min

April 22 (Reuters) - Swiss lender Zurcher Kantonalbank, known locally as ZKB, has held takeover talks with GAM Holding AG (GAMH.S), the Financial Times reported on Saturday, citing people familiar with the matter. London-listed Liontrust Asset Management also said earlier this week that it was discussing a potential merger of its investment management unit with GAM, which is headquartered in Zurich. Swiss asset manager GAM, which has lost over 95% of its value following a bond fund scandal in 2018, is now looking to sell itself. Z Capital Group, a New York-based investment firm, is also interested in buying GAM, the newspaper added. GAM, ZKB and Z Capital did not immediately respond to Reuters' requests for comment.

The blue-chip FTSE 100 (.FTSE) fell 0.4%, while the mid-cap FTSE 250 (.FTMC) was down 0.8%, as of 0820 GMT. Data showed Britain now has Western Europe's highest rate of consumer price inflation, after a weaker-than-expected fall in March to 10.1% from February's 10.4%. The FTSE 100 clocked its longest winning streak since December 2020 on Tuesday, buoyed by defensive and commodity-linked stocks. Food, beverages and tobacco sector (.FTUB4510) was a bright spot, up 0.8% on the heels of sticky inflation numbers. Leading losses on the FTSE 250 was Liontrust Asset Management Plc (LIO.L), down 5.5% as the asset manager reported significant quarterly net outflows.

Liontrust reported net outflows of 1.6 billion pounds ($1.80 billion) in the July-September quarter, while Man Group posted net outflows of $500 million, compared with a $900 million consensus forecast. Quilter saw net inflows slow to 200 million pounds in the third quarter, compared with 1 billion pounds last year, while Rathbones' net inflows came in at 67 million pounds, following 1.43 billion pounds in outflows. Shares of Man Group dropped 5.3%, while Quilter shares shed 5%. Quilter's AUM at the quarter end was down by 1.8 billion pounds to 96.9 billion pounds. Rathbones' AUM fell to 57.9 billion pounds from 58.9 billion pounds at June-end, while Liontrust's slipped to 31.7 billion pounds over the same period.

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