How All Companies Will Eventually Become Tech Stocks

So far, disruptive technologies have broadly impacted just two sectors; traditional media and retail. Next up? Financial services, healthcare and transport

Emma Wall 29 November, 2018 | 10:15AM

Alphabet Google tech stocks artificial intelligence

Artificial intelligence will make all businesses more efficient in the future, says Janus Henderson – not just tech stocks – driving up productivity and adding a significant boost to global GDP. AI will be implemented at every stage of the production chain, from factory manufacturing and smart buildings to autonomous drivers for distribution, says Richard Clode manager of the Global Technology fund.

“Blue-collar jobs were replaced by machines in the industrial revolution,” says Clode. "Now white-collar jobs are being replaced by or robotic algorithms.” Just as the agricultural industry was disrupted by the advent of machinery, so chatbots are now replacing call centre workers.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
3D Systems Corp6.21 USD0.00
Alibaba Group Holding Ltd ADR252.10 USD0.00
Alphabet Inc A1,498.37 USD0.00
Facebook Inc A268.44 USD0.00
Janus Henderson Global Sust Eq A Inc405.86 GBP1.19
Janus Henderson Global Technology I Acc3,115.97 GBP1.80
Tencent Holdings Ltd527.50 HKD0.00
Tesla Inc1,452.71 USD0.00

About Author

Emma Wall  is former Senior International Editor for Morningstar

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