Mega-cap technology titans are racing to develop generative artificial intelligence technology, and Raymond James thinks just a few key names will win, as they continue to influence the next phase towards commercialization. “Despite clear market optimism, we actually think GenAI is still in the early innings,” analyst Josh Beck said in a December note. “We see GenAI developing into an embedded OS that may span nearly every consumer and business platform, providing an intelligent agent (aka copilot) to assist with everything from writing a business contract, organizing a trip with friends or providing in-depth accurate insights on a highly nuanced topic (like investing).” This year, new discoveries in generative AI and the ensuing hype around AI-related companies propelled the broader market. This phenomenon also led several technology names to boast significantly outsized returns against it. The Nasdaq-100 , which contains many of these names within the Nasdaq Composite , jumped 54.6% this year while the S & P 500 gained 24.5%. The firm noted that adoption of generative AI is scaling at roughly 40 times the pace of other major tech platforms, and that venture capitalists have piled about $40 billion into generative AI startups. Raymond James shared some of its top stocks that already have outsized influence in generative AI, and are best-positioned to capitalize on the software stack. Here are the included names: Beck se …
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[mwai_chat context=”Let’s have a discussion about this article:nnMega-cap technology titans are racing to develop generative artificial intelligence technology, and Raymond James thinks just a few key names will win, as they continue to influence the next phase towards commercialization. “Despite clear market optimism, we actually think GenAI is still in the early innings,” analyst Josh Beck said in a December note. “We see GenAI developing into an embedded OS that may span nearly every consumer and business platform, providing an intelligent agent (aka copilot) to assist with everything from writing a business contract, organizing a trip with friends or providing in-depth accurate insights on a highly nuanced topic (like investing).” This year, new discoveries in generative AI and the ensuing hype around AI-related companies propelled the broader market. This phenomenon also led several technology names to boast significantly outsized returns against it. The Nasdaq-100 , which contains many of these names within the Nasdaq Composite , jumped 54.6% this year while the S & P 500 gained 24.5%. The firm noted that adoption of generative AI is scaling at roughly 40 times the pace of other major tech platforms, and that venture capitalists have piled about $40 billion into generative AI startups. Raymond James shared some of its top stocks that already have outsized influence in generative AI, and are best-positioned to capitalize on the software stack. Here are the included names: Beck se …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
