Tech stocks have risen sharply again – this is also due to the AI megatrend.
(Photo: (c) Mehau Kulyk/Science Photo Library/Corbis)
Frankfurt Technology fans’ imaginations are on fire, and everyone wants to be there from the start. Since the Californian start-up OpenAI presented its ChatGPT language software at the end of November, significantly more Twitterers have been exchanging views on #ChatGPT than on #inflation. In a study, Bank of America (BofA) speaks of a “revolution in artificial intelligence” from which investors could also benefit.
According to BofA, the direct winners are the producers of technical hardware such as semiconductors, as well as software, cloud and cyber technology providers. The global market in these areas could reach a volume of 900 billion dollars by 2026, doubling compared to 2022.
Other strategists are more cautious. One should “not lose one’s compass in the hype cycle,” warns Richard Clode, a fund manager specializing in tech stocks at Janus Henderson Investors. Investors should focus on realistic earnings expectations, not just revenue growth. Below is a classification of possible AI profiteers on the stock market.
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