These AI stocks could be the next winners

The Street

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00:00you say not all companies are created equal in the ai space so let's talk about which ones are

00:05poised to continue to be long-term gainers and then which ones are overhyped at this point so

00:10start with the names that you're still bullish on and you heard a couple of them just just now but

00:15we did the future may i15 and this may be really interesting to the streets audience

00:19is we looked at the 15 companies that are not the mag 7 because everybody kind of knows the mag 7

00:23the metas microsoft google we like all of them tesla is probably the one that i continue to

00:27feel a little uncertain about but i think long term will be very interesting but we really love

00:31broadcom we do believe that that custom chip game is going to be real we think it's going to be

00:36significant about 100 billion plus in the next five years tsmc although i continue to tell the story

00:41that intel needs to succeed tsmc is the answer they're the bottleneck everything that happens

00:46happens through tsmc one of the ones that everybody kind of thinks is in a bubble that we don't is

00:52palantir they have been one of the winners of this kind of next generation of software the

00:57company that's actually utilizing ai in the market not just building the rails and the infrastructure

01:02so we like all those companies but we also maybe in the more interesting we like cyber companies

01:06a few very specifically we think crowd strike palo alto are going to be very significant beneficiaries

01:12where we don't like or some of the things we've been more nervous about has been the enterprise

01:16software companies so there's a number of companies that are kind of in crm uh in erp um we look at

01:23those companies and we're really trying to figure out caroline and we haven't definitively said this

01:29one will win and this one won't but we're looking at like all the software as a service companies that

01:33whole bucket that's been sold hard you know you've seen companies like salesforce have been sold hard

01:37you've seen companies like um you know mongo db although they came back after a strong earnings

01:42uh because we like the data layer but can open ai this is a great question go back to

01:46open ai is can open ai build something that just becomes almost a prompt based abstraction we're

01:51like i want to see my sales i want to see the project data and it's starting to look like with

01:56an open ai and a cursor you've probably heard about cursor or some of these kind of clawed codes off the

02:01shelf by anthropic you can build anything now and so satya nadella said this a while ago he said

02:06basically software's just these crud databases with logic enterprise software so even him who has a

02:13huge business in enterprise software has to answer the question is does that business sustain for us

02:18or has will generative ai disrupt it and that's a little less clear so we're still a little nervous

02:23about that whole bucket okay yeah i noticed that you took adobe qualcomm dell and cisco off of your

02:30futurum ai15 list any other names that you think are just overhyped at this point um i think some of the

02:39and and so i'm going to say this with a bit of caution i think some of the plays like these

02:46mining companies that everybody loves have had incredible runs some of them are up like a thousand

02:50percent i'm long two of them cypher and iron i do think that there's some proving still left to do

02:56these are companies that took their bitcoin mining type operations and have turned them into ai and

03:00energy long term i love them but when something's run 500 a thousand percent in a very short period of time

03:07i do think consolidation is normal i almost think it's healthy and i think some people just kind

03:11of there's become this this is where the frothiness that everything to the moon every single day

03:15i think that if you're an investor you have to kind of say where are the fundamentals

03:20um and how much do i want to play the momentum trade and do i want to take some risks or do i

03:26maybe want to take some profits so i basically look at all these things that have had these just

03:30monumental runs and i kind of say a breath could be warranted and by the way that doesn't mean there's

03:38a a bubble gonna burst but it's healthy markets are efficient consolidation is normal

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