There's a whole world of stocks beyond flashy AI names such as Nvidia for investors looking to ride the latest tech wave, according to investment firm Fidelity International These indirect AI plays include semiconductor foundries, packaging technology companies and memory companies, the investment firm said in a report Wednesday.
In our view, AI will follow a similar trend," said Fidelity analysts.
"These include semiconductor foundries, packaging technology companies and memory companies.
However, looking beyond Nvidia, stocks in the AI-related sectors outlined by Fidelity have also been on the up.
Customer services firms, business process outsourcing and music content companies could also offer opportunities, said Fidelity, as they "embrace and adapt to AI."
Persons:
Fidelity
Organizations:
Nvidia, Fidelity International, Fidelity, ChatGPT, Taiwan Semiconductor Manufacturing Company, Samsung, SK Hynix, Nasdaq
Locations:
Stock, South Korean