Morgan Stanley Reveals Top 20 AI Stocks as Adoption Reaches Critical Mass – Axon Enterprise (NASDAQ:AXON), Baker Hughes (NASDAQ:BKR)

Katie HubertyGlobal Head of Research at Morgan Stanleyhighlighted 20 corporate stocks that are likely to see significant benefits from adopting artificial intelligence (AI).

What happened: Huberty expressed that we are currently at a “tipping point” in terms of AI adoption. She stressed that companies that use artificial intelligence to enhance their profits are about to reap significant benefits.

to talk with Business Insider noted earlier this month that companies with strong pricing power, and those able to maintain or increase their prices due to high demand, will see the greatest impact on their profits.

She explained, “Pricing power will allow companies to maintain the productivity they enjoy on the back of these investments and will not have to transfer that to the customer.”

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Huberty pointed to a list of stocks her team had compiled in a client note. The stocks, all of which embrace AI and have high pricing power, have a market capitalization of more than $20 billion. The list includes Home Depot Company High resolution, Thermo Fisher Scientific Company You diedand Intuitive Surgical, Inc ISRG, Deere & Co D, Spotify technology spot, Mercado Libre Company Millie, Marriott International Company March, Hilton International HLT, Paccar Company Picard, Schlumberger Nevada SLB, Johnson Controls International PLC JCI, Exxon Enterprise Company AXON, Coupang Company CPNG, Baker Hughes Company BKR, Experian PLC, Delta Airlines D, IDEXX Laboratories Company IDXX, United Airlines Holdings Company Universal access to services, Halliburton Company Hullamong other things.

Why does it matter?: The adoption of AI has been a hot topic in recent years, as many industries have recognized its potential to transform business processes and increase profitability.

Huberty’s selection of these 20 stocks underscores the growing importance of AI in the business landscape. Companies that successfully leverage AI technologies will gain a competitive advantage, especially those with strong pricing power.

This development could signal a shift in investment strategies, as investors are likely to look to companies that aggressively embrace AI as promising opportunities.

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