Semiconductor stocks and technology behemoths get all the acclaim when it comes to artificial intelligence, but RBC Capital Markets is offering up some alternate ways to play the theme.
Other technology giants have followed suit, with Amazon closing above a $2 trillion market value for the first time ever last month.
Against this backdrop, RBC Capital Markets highlighted some of its favorite ways to play the theme beyond the classic winners, viewing AI as the "next disruptive mega-trend."
While the social media giant has already gotten a boost from the trend, RBC Capital Markets expects shares to benefit from a world where digital advertisers market toward AI and virtual assistants.
RBC Capital Markets also highlighted a handful of software stocks that could win big as AI proliferates, viewing the tool as a "revenue enhancer and profitability expander" that may take three to five years to materialize.
Persons:
behemoths, GenAI, CrowdStrike, Eaton, Thomson
Organizations:
RBC Capital Markets, Nvidia, RBC Capital, Adobe, Accenture, Thomson Reuters
Locations:
Shopify