Reported 9 months ago
Following the AI celebration party, which saw a surge in attendees to 85,000 with tech AI giants present at the COMPUTEX show and NVIDIA surpassing Apple to become the second largest US stock, investors are advised to consider a contrarian approach. Fund manager Dmitry Solomakhin, known for bottom-fishing, suggests investing in stocks that have dropped due to AI, such as US chatbot provider Concentrix and UK defense company Babcock International Group. Solomakhin's portfolio also includes companies like Rolls-Royce and Babcock International Group, with Rolls-Royce rebounding nearly 400% since the end of 2022. While not all investments yield quick returns, Solomakhin remains confident in struggling companies like Ericsson. Solomakhin highlights the complexity of market perceptions around AI advancements affecting certain services.
Source: YAHOO