They are listed below, along with Fisher's commentary on how they're implementing AI into their business models. He also recommended going through documents like earnings reports and searching for mentions of AI and how the firm intends to use it.įisher shared six small-to-mid-cap stocks he invests in that he's put through this analysis and that have exposure to AI. For example, an AI-heavy firm should employ a large percentage of engineers, he said. When specifically looking at companies boasting their committement to AI implementation, other metrics include how much a company is investing in research and development, as well as kind of positions that make up their employee base. One is the number of employees per dollar of revenue, which as a barometer of productivity. There are some specific metrics Fisher likes to look at when identifying good investment prospects.
"Start with industries, sectors, companies, that you believe in independent of AI.
"You first have to find a business that is a good business, that is selling a reasonable product, to reasonable people, for a profit that's sustainable," he said. Cutting through the hypeįirst, he said to look at stocks and sectors of the market that one is bullish on outside of AI. To combat the hype, Fisher gave recommendations for having a sound investment process. That's not to say Fisher doesn't see investing opportunities around AI. "I don't even think I can name a business that's not using AI in some capacity. "It reminds me of the '90s," Fisher told Insider on Tuesday, referencing the craze around Internet stocks that peaked in 2000. This mania feeling has started to manifest with AI in recent months, with shares of BuzzFeed, for example, soaring 307% in January on news that the company would use AI to create content, which would boost profit margins. He shared with Insider six in particular that he's bullish on.Īrtificial intelligence is here to stay, says Gregg Fisher, the founder and portfolio manager of $1 billion Quent Capital.īut from an investing standpoint, plugging money into an asset solely based on its exposure to AI isn't necessarily a smart approach, considering prior manias like the dot-com and crypto bubbles, he says.Gregg Fisher, founder of Quent Capital, is investing in smaller companies using or supporting AI.Interest around stocks exposed to artificial intelligence is high as the technology becomes adopted.Account icon An icon in the shape of a person's head and shoulders.
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