Research Notes: AI Is Impossible To Ignore Now

AI is changing the investing landscape. A brute force stock screen highlights potential winners and losers.

Highlights:

• Nvidia’s earnings report means AI is now part of the investment conversation. But a comparison with a dot-com-era darling highlights a key risk.

• Investors can’t get over their skis. Widespread use of generative AI seems likely to lag its technological capabilities.

• We provide a non-exhaustive list of AI winners and losers. (In particular, we look at potential second and third-order beneficiaries — not the most obvious tech and chipmaker stocks).

• Plus, a quick update on some of our previous calls.