The AI Boom Is Entering a New Phase: 2 Stocks to Buy Now, According to Wall Street Analysts
The artificial intelligence boom began with the launch of ChatGPT in November 2022. The viral application brought generative AI into the mainstream, setting in motion a sequence of events that has led to one of the most aggressive investment cycles in history.
To date, the AI trade has largely focused on semiconductor companies and infrastructure providers, but Morgan Stanley analysts think we’ve reached an inflection point where the AI trade will broaden to software companies and AI adopters, meaning businesses that use the technology to reduce costs.
Here are two stocks Morgan Stanley analysts believe are well-positioned to benefit as the AI trade evolves.
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