Microsoft, Alphabet, and chipmaker Nvidia are usually seen as the biggest beneficiaries of the growing popularity of artificial intelligence. But there’s another tech giant that could be “the best possible beneficiary,” according to Ben Rogoff, his portfolio manager at Polar Capital with 25 years of investment experience. That’s Apple, Rogoff said on a CNBC Pro Talk last week. “We have a very, very large number of enthusiastic customers and a well-proven ability to monetize technology change,” he said. Rogoff pointed out that Apple is entering both the device market (Apple Watch, phones, tablets) and the content market via app stores. “When you look at things like Siri, when you look at some of the features already built into some watches, when you look at things like collision detection, how to monetize AI within those companies. I think there will be more stickiness of the user base, less churn, or just … new revenue opportunities, and I think Apple will embrace them,” he said. , repeated that it was “friendly” to Apple. In his CNBC Pro Talks, Rogoff said that besides Apple, his four other large-cap stocks are driving some of the biggest and most tangible advances in artificial intelligence. Microsoft, Nvidia, AMD, Alphabet. “We are very excited about AI,” he said. “It’s still very early days, but ChatGPT has been described as his iPhone moment for the artificial intelligence tech industry, and it feels right for us.” — CNBC’s Ganesh Rao in this report contributed.
