Lauren Goodwin says investors should keep in mind that AI's eventual impact remains unknown.
She said to invest thematically, focus on quality, and look at adjacent industries AI will rely on.
Stocks like Nvidia and Microsoft — leaders in the AI space — have alone contributed to about 43% of the index's gains.
"The excitement about generative AI has distracted investors from the possible risks of a looming recession," Goodwin said in a note on Tuesday.
"The direct winners from AI technology may not be known yet.
Persons:
Lauren Goodwin, Morgan Stanley, Goldman Sachs, Goodwin
Organizations:
Nvidia, Microsoft, New York Life Investments, Nasdaq Artificial Intelligence, Robotics, Intelligence, iShares Robotics, Companies, X Data, Digital Infrastructure ETF, Computing Fund