New Research Says: The Biggest Gains of AI Won't Go to AI Stocks. These 2 ETFs Could Be Better Buys.
The best AI stocks might be in totally different industries, companies, and countries.
Overview
Who will be the biggest winners of the artificial intelligence (AI) boom? Some investors believe the AI hyperscalers will win by building AI tools, while other investors are betting on AI pick-and-shovel companies building AI infrastructure and data centers. But what if there were a third choice?
New research from Vanguard is bullish on AI, but not necessarily AI stocks. The investment company's June outlook projects that the biggest future gains of AI won't go to the major tech players currently building it. Instead, Vanguard says the best returns from artificial intelligence might go to U.S. value stocks and international stocks in developed markets outside the U.S. That's because these companies could be in the best position to use AI to make more money and boost productivity and efficiency.
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Originally published at www.fool.com.