Hot Picks: These software picks could be among the first beneficiaries of AI
Speaking with BNN Bloomberg’s Andrew Bell, Stefan Slowinski, global head of software Research at BNP Paribas Exane, said software businesses have the advantage of quickly embedding generative AI technologies into their products, which reach millions of people.
“The software companies themselves as being the first beneficiaries in terms of top line, but also they can benefit operationally — this can help them lower some sales and marketing costs and some research and development costs (R&D),” he said. (can you double check the quote?)
Slowinski recommended Salesforce Inc. (CRM), Alphabet Inc. (GOOGL) and Amazon.com Inc. (AMZN) as his top three stock picks positioned to benefit from their AI capabilities.
He and his family do not own and shares of the stocks mentioned above, however his firm and his investment banking clients do.
Check out the full video at the top of the article to learn more.