As the artificial intelligence boom continues to gain momentum, investors like Victoria Greene are closely monitoring the market for potential winners and losers. The chief investment officer of G Squared Private Wealth believes that the gap between successful and unsuccessful AI companies will widen in the coming year. Greene foresees a shift from AI being just a buzzword to becoming a practical tool that organizations use to enhance their bottom line.
Contrary to popular belief, Greene suggests that the benefits of AI are not limited to technology companies alone. She points to the industrials sector as a promising area for long-term investment. According to Greene, the ongoing adoption of AI will drive significant advancements across industries, prompting companies to improve their operational efficiency. From warehouses to transportation and power plants, the need for enhanced technologies will continue to grow.
Specifically within the industrials sector, Greene highlights Quanta Services, Eaton, and Emerson Global as some of her top picks. These companies are poised to leverage AI technologies to streamline their operations and drive sustainable growth. In contrast, Greene mentions that companies like Tesla and Salesforce, which initially benefited from the AI wave, are now facing challenges as the landscape evolves.
Greene warns that legacy software firms, such as Salesforce, may be at risk of disruption due to their inability to keep pace with the changing AI environment. She points to Salesforce’s recent stock price decline as an indication of the challenges that traditional companies face in adapting to new technological trends. As the AI sector continues to mature, investors will need to exercise caution when selecting companies with sustainable growth prospects.
The future of AI investments holds great promise for those willing to embrace change and innovation. While some companies may struggle to adapt to the evolving landscape, others stand to benefit from the opportunities that AI presents. As the market continues to evolve, investors must remain vigilant and discerning in their investment choices to capitalize on the potential of artificial intelligence.