Recent advances in artificial intelligence are fueling optimism over how businesses can operate more productively in the years ahead. "It's the AI-driven stocks that are getting the strongest returns," said Manish Kabra , head of US equity strategy at SocGen. For example, shares of Microsoft, the second-largest U.S. company by market value, have climbed 32% this year. His firm owns shares of Microsoft, Nvidia and Alphabet. "The path is pretty clear on how generative AI can lead to earnings growth for these companies."

Source: Economic Times May 20, 2023 23:23 UTC