We take a look at some AI stocks that investors should have on their radar including, AI, MDB, WDAY, CAT, and DE.
Ivan Feinseth oversees investment strategies and leads our specialized research group focused on economic profit and relative value analysis. Mr. Feinseth has over 20 years’ experience on Wall Street including holding positions in portfolio management, research, and investment banking.
Ivan Feinseth oversees investment strategies and leads our specialized research group focused on economic profit and relative value analysis. Mr. Feinseth has over 20 years’ experience on Wall Street including holding positions in portfolio management, research, and investment banking.
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NewsTranscript
00:00 - All right, Ivan, let's talk a little bit
00:01 about what we're seeing, right?
00:03 Of course, we have AI that's really come into this market
00:06 and I refer to AI as sometimes like there's like hype AI
00:10 and there's like real AI that's gonna show up
00:12 on the bottom line, right?
00:13 I think that this is what investors need to be thinking
00:16 about now as they're going for AI investments.
00:19 What are you seeing in different spaces,
00:21 maybe like software, infrastructure?
00:23 What are you seeing in AI?
00:24 Where is it really gonna come into play, Ivan?
00:27 - Well, I think that companies like Microsoft, Google,
00:31 Amazon are gonna be leaders in the AI revolution.
00:35 Then you got companies like C3 AI and to quote Tom Siebel
00:38 from the founder of C3 AI,
00:40 every company is going to have to be an AI company.
00:44 You're gonna have it used in pharmaceutical
00:45 for drug discovery and analysis.
00:48 They're even talking about Caterpillar as an AI company
00:51 and Deere.
00:52 I saw two years ago at the Consumer Electronics Show,
00:57 a demonstration by Deere of a fully autonomous equipment.
01:02 Now there's actually a shortage of farmers.
01:06 The kids just don't wanna be farmers anymore.
01:08 So farmers are gonna have to use technology
01:10 to increase crop yields and make up for the shortage
01:13 of labor and this more mechanical revolution,
01:16 industrial revolution in farming.
01:18 The same thing with Caterpillar.
01:22 Even they're talking about Ingersoll Rand,
01:24 one of the largest manufacturers of compressors
01:27 and vacuum pumps as an AI company,
01:30 if they're gonna be able to help
01:31 improve mechanical technology.
01:38 And almost every machine in some level
01:41 has either a vacuum pump or a compressor in it.
01:44 So it's going to be prevalent everywhere.
01:47 And like Tom Siebel said,
01:48 every company is gonna be an AI company
01:51 because companies are going to have to use AI
01:54 to leverage the value of their data.
01:56 And it's going to have to be custom applications
01:59 because those will become companies' competitive advantages.
02:04 You're not gonna be able to buy shrink wrap
02:06 off the shelf software.
02:08 And this is why I like companies
02:10 that enable you to customize AI tools
02:13 like MongoDB and Mongo.com.
02:16 - There you go.
02:18 Those are two names definitely to keep an eye out for.
02:20 And I've been also keeping an eye out,
02:21 especially I like monday.com.
02:23 I think stocks like this that are in kind of the HR space
02:28 and things that already are usually run
02:31 by one or two people.
02:32 This is where AI could really come into play, right?
02:35 Because now you could really have one person
02:37 kind of watching the AI
02:39 and the AI itself could run these departments.
02:41 And I think that moments like this
02:43 is where I really see something coming into the industry
02:46 and completely changing the stock.
02:49 So monday.com definitely on my radar there.
02:51 Ivan can't blame you for mentioning that one.