IT SEEMS like every other article recently has been on artificial intelligence (AI). Even non-investment magazines are featuring front-cover articles on AI. It is enough to make every contrarian investor’s hair stand on end.
The potential of AI is being touted as a game changer, primed to revamp our ways of doing business and drastically increase productivity, revenue and profits. Yet, when it comes to solid advice for investors, the conversation is still relatively muted. Perhaps this is because AI is a greenfield sector. Predicting its trajectory is akin to weather forecasting in its infancy.
My inaugural encounter with AI investment research harks back to a 2018 Morgan Stanley recommendation....
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