23:54:21 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Microsoft CDR (CAD Hedged)
Symbol MSFT
Shares Issued 8,300,000
Close 2023-05-26 C$ 24.85
Market Cap C$ 206,255,000
Recent Sedar Documents

Globe/wire say for AI, Porter likes Microsoft, Alphabet

2023-05-29 09:19 ET - In the News

Also In the News (C-GOOG) Alphabet Inc CDRs (CAD Hedged)
Also In the News (C-NVDA) Nvidia CDR (CAD Hedged)

The Globe and Mail reports in its Monday edition that experienced tech investors are hunting for undervalued opportunities the overvalued artificial intelligence sector. A Reuters dispatch to The Globe reports that AI investing took a leap forward in November when Microsoft-backed OpenAI released its ChatGPT bot. Shares in Nvidia, which makes computer chips that train AI systems, have almost doubled since ChatGPT's launch. Investors are chasing exposure to generative AI. Reuters says the question for investors is whether to jump on the AI train now, or exercise caution, especially given mounting concern amongst regulators about the technology's potentially disruptive impact. Neuberger Berman analyst Niall O'Sullivan says: "There are clearly going to be winners in all this. It's just that that's very hard to be true for the entire market." Janus Henderson manager Alison Porter says, "[AI's] going to be as transformative as the Internet, as the mobile Internet, as the mainframe computer was." Janus Henderson holds positions in Nvidia, with Microsoft as its largest holding. Ms. Porter, however, cautions that "we are still very early on the use cases for AI." She favours big tech groups like Microsoft and Alphabet.

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