Written by zgiaonews• November 17, 2023• 8:00 am• ChatGPT, Generative AI, OpenAI, Uncategorized

### Focus on 16 Top AI Stocks Over ChatGPT: Morgan Stanley’s Recommendation

HomeChatGPT, Generative AI, OpenAI, Uncategorized### Focus on 16 Top AI Stocks Over ChatGPT: Morgan Stanley’s Recommendation

Morgan Stanley’s Michael Wilson outlined AI’s potential to disrupt business operations,…

Buyers should focus on scenarios involving the utilization of AI in professional settings rather than solely in domestic environments.Getty Images Plus and iStock

As per Morgan Stanley, corporate AI demonstrates enduring potential despite the global success of ChatGPT.
The future trajectory of industrial AI over the next three years was outlined by Chief Investment Officer Michael Wilson.
He pinpointed 16 enterprises poised to capitalize on the business opportunities in AI.

By now, ChatGPT, the renowned large-language model system, is a household name, having captured public attention since its launch last November. By democratizing AI for everyday consumers, this technology showcased the latest advancements in artificial intelligence, generating significant interest in AI investment.

The true promise, as stated by Morgan Stanley’s chief investment officer Michael Wilson, lies in how businesses, rather than individuals, are likely to leverage AI.

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There is perhaps a more foundational opportunity in the potential of Generative AI to broaden the scope of tasks and business operations that can now be automated using enterprise software,” he articulated in a republished report.” While much of the initial discourse on the application of GENERATE AI post the debut of ChatGPT late last year centered around consumer applications.”

2024: Investing in AI

Wilson advises investors to strike a balance between traditional defensive stocks, late-cycle steady shares, and specific growth prospects as he advocates for nuanced investment strategies in 2024.

Historically, during the recent late-cycle phase that commenced last year, the combination of these categories outperformed the broader market.

Wilson refers to “select” growth prospects as “lower volatility growth, in particular,” and “stocks aligned with progressive themes that can outpace ongoing risks.” The rapid expansion of AI falls into this category, with Wilson forecasting sustained outperformance in the coming year despite market challenges.

” Investors often assign a lasting premium to these secular beneficiaries,” he noted, “as the pace of change at the micro level decelerates to uninspiring levels.”

While the predominant focus of AI discourse has revolved around its applications in everyday life, Wilson believes that the true brilliance of AI in the upcoming years lies in its potential to revolutionize business operations.

According to him,” Drawing on our proprietary survey insights in conjunction with a comprehensive dataset of labor market metrics from the Bureau of Labor Statistics/O*NET, we project that the current Generative AI capabilities can impact 25 % of the workforce, with the potential to rise to 44 % in three years.” Furthermore, our analysis suggests that Generative AI technologies could influence the$ 2.1 trillion in labor expenses linked to these roles presently, escalating to$ 4.1 trillion within the span of three years in the US alone.

Given the swift ascent of AI to the fore and its captivating allure for stakeholders in recent weeks, three decades may appear extensive in the rapidly evolving tech landscape. Nonetheless, corporate AI boasts longevity owing to the deliberate and methodical nature of business ventures.

Wilson contends that the upfront investments help sustain retention rates and minimize turnover as enterprises commit resources and capital to this innovative technology. Consequently, identifying top-tier enterprise AI firms today is poised to yield substantial dividends in the long haul, as businesses tend to stick with the familiar, translating to robust returns for investors in the years ahead.

In light of this, the following are the primary business AI picks identified by Morgan Stanley. Each stock is accompanied by its homepage, analyst rating, industry sector, and most recent closing price.