Excitement around artificial intelligence is leading many investors to snatch up shares of potential winners in 2023.
But not everyone on Wall Street is buying up the near-term hype.
Even so, Bersey called Snowflake "well placed" for AI due to its data warehousing business needed for deploying large sets of data.
This necessity should also benefit shares of Oracle, along with its cloud-based enterprise software segments, necessary for automating business needs.
While the AI tailwinds may take longer to play out, Bersey does see some shorter-term macro trends that should benefit the sector.
Persons:
Stephen Bersey, Bersey, — CNBC's Michael Bloom
Organizations:
HSBC, Wall, Nasdaq, Oracle, Software