Tech Experts Advise Betting on AI Leaders Apple, Microsoft, and Alphabet Over Chipmakers
-
Lou Basenese highlights Alphabet (GOOG, GOOGL), Microsoft (MSFT), and Apple (AAPL) as tech leaders with broadening AI use cases to bet on.
-
He notes you have to play a "basket" of stocks rather than pick one winner like Nvidia (NVDA) last year.
-
Microsoft can drive AI adoption by integrating it into products, giving it advantage over chipmakers like Nvidia that rely on being pulled into new apps.
-
Sentiment on Apple is overly bearish as usual entering iPhone upgrade cycle, undervaluing services growth and share buybacks.
-
Alphabet has biggest valuation discount in tech at 22x forward earnings despite strong cloud and ad business tied to economic strength.