7 Stocks to Profit from Artificial Intelligence

Over the next decade artificial intelligence will have a profound impact on all industries, introducing efficiencies and innovative catalysts

EdenTree 16 January, 2018 | 10:28AM
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Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Thomas Fitzgerald, of EdenTree Investment Management discusses how to invest in AI.

Artificial intelligence is transforming all parts of the economy

Artificial intelligence (AI) is rapidly evolving into a fundamental technology for all industries. As with the evolution of mobile phones a decade ago, the continual development and deployment of AI presents a number of opportunities for long-term investors. According to the IDC, global annual revenues for cognitive and artificial intelligence systems are estimated to rise from $8 billion in 2016 to $46 billion in 2020, a compounded annual growth rate of 55.1%.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Alphabet Inc A2,805.67 USD0.90Rating
Amazon.com Inc3,380.05 USD1.09Rating
Microsoft Corp298.58 USD1.28Rating
Salesforce.com Inc259.17 USD0.47Rating
Samsung Electronics Co Ltd77,200.00 KRW1.45Rating
Sony Group Corp12,360.00 JPY0.16Rating
Taiwan Semiconductor Manufacturing Co Ltd586.00 TWD0.00Rating

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EdenTree  is an investment management firm with a focus on ESG investing

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