Artificial intelligence is no longer a futuristic fantasy, but a reality predicted to transform many industries. From chatbots to content creation, AI is making its presence felt in the digital space and beyond. Investors are now trying to get in on the action. Ben Rogoff, his manager at Polar Capital’s portfolio with his 25 years of investment experience, said: “It’s still very early days, but ChatGPT has been described as the iPhone moment for the artificial intelligence tech industry, and it feels right for us,” the tech fund manager said on CNBC’s Pro Talks. He said four large-cap stocks are driving some of the biggest and most tangible advances in artificial intelligence. Microsoft could be one of the top contenders for investors looking to invest in artificial intelligence, says Rogoff, his manager at Polar Capital Technology Trust plc. says Mr. The $3.7 billion fund, like an ETF, trades on the London Stock Exchange under the ticker PCT. In his CNBC Pro Talks, Rogoff said Microsoft is in a strong position thanks to OpenAI, the company behind ChatGPT, and his investment in Github, a code-sharing platform for software developers. I said yes. Microsoft has previously said it is integrating ChatGPT into its productivity software suite, Office 365, to make the service more attractive to customers. The company’s “Productivity and Business Processes” division, which includes Office 365 revenue, increased 13% to $17 billion in its most recent fiscal quarter, generating the second-largest revenue. The company also integrates ChatGPT into the search engine Bing. Rogoff also emphasized the company’s access to unique first-party his datasets like LinkedIn that others don’t. Such datasets are essential for training artificial intelligence systems. Microsoft, a software and services company, is his largest equity position in the PCT, but the fund holds his 27% of assets in semiconductor and related stocks as of March 31, which is how much? That’s more than a sector. AMD was his fourth and fifth largest position in the fund. “Nvidia has clearly become a hot brand this year, and we’ve owned it for a very long time,” Rogoff told CNBC’s Steve Sedgwick. The AI chip maker’s stock is up more than 90% this year, but by 2022 he’s down 50%. The stock is currently trading 15% below his November 2021 peak. According to Rogoff, this is a unit (GPU) that has become particularly relevant in his post-ChatGPT era. GPUs are important for artificial intelligence because they are designed to handle the massive amounts of data and computation required for AI applications. NVDA 1Y Line AMD AMD AMD has been growing its share of the data center and server market “very well” in recent years, Rogoff said. The company that recently replaced former industry leader his Intel makes some of the most powerful CPUs in the world. Referring to AMD’s entry into the AI market with the launch of its ‘Instinct’ line of GPUs, Rogoff said, “We also expect the company to take some share away from Nvidia with its latest chips. The stock is up 60% in 2018, and is up 38% this year.The consensus analyst price target compiled by FactSet shows the stock is barely up from its current price of $89.44. When asked about Alphabet, which was seen as a leader in artificial intelligence, Rogoff was divided and said the stock was in an “interesting place.” Tech his fund his manager notes that the company has his 90% market share in search, where it can deploy its own ChatGPT-like language model. increase. But Rogoff also stressed that it could lose market share if competing services change users’ expectations of search results or upend Google’s advertising-driven business model. “We could lose market share,” he said. [would] Rogoff also has to bear the higher costs of search services,” said Rogoff, noting that AI-powered search results cost several times more than existing search services. But now that we have to deal with Bing, we may need to absorb this additional cost of AI-related costs. There is a very big penalty for being too early as a type investor,” he added. Rogoff suggests diversification while targeting a single theme, which is one of the reasons why his Polar Capital fund holds around 60-90 shares each. .
