Big tech isn't dead, according to portfolio manager Trent Masters. He said one stock is the 'first port of call' for those wanting to play the AI trend.
Big tech isn't dead, according to portfolio manager Trent Masters, who identified his favorite stocks to play artificial intelligence and more. "[It was a] wild reporting season. While there were minimal changes to earnings estimates in aggregate, this was better than feared heading in," said Masters, global portfolio manager at Sydney-based Alphinity.
Microsoft Masters said Microsoft is "the first port of call" for investors who want to delve into AI. The tech giant plays into the theme across a number of different areas, he said, including its cloud business, and an extension of AI features into its Office 365 software. "You can see the uplift in terms of output when you start to push those AI capabilities through that broad Microsoft product set and across what is around 500 million commercial customers," Masters said.
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