Tech stocks have had quite the reversal this year, with the likes of Nvidia and Microsoft catching the updraft after a lackluster 2022. The outperformance of those names is in no small part due to the ongoing fervor over A.I. and it's potential as a digital gamechanger.
As markets search for indications of the Fed’s next move, Jennison Associates Technology Equity Portfolio Manager Erika Klauer says investors in the space may want to look to companies harnessing "the tools of innovation" that could become more prevalent in the economy. She uses ChatGPT as just one example of the larger generative A.I. push, while discussing the technology's potential impact for the likes of drugmakers and law firms.
“The best strategy now, is to try to figure out which companies are really at the vortex of these extremely innovative trends that we’re beginning to see materialize in early 2023, “ says Klauer.
00:00:13 Tools of innovation
00:00:23 A.I. innovation
00:01:02 Best strategy on company selection
