A UBS survey of 156 entrepreneurs found that artificial intelligence (AI) is expected to benefit the technology and healthcare sectors the most. Two-thirds of those surveyed also said they expect AI to be the most important technology with commercial opportunity. These entrepreneurs also believe AI will improve productivity over the next five years.
Maximize Your Portfolio with Data Driven Insights:
- Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
- Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio
The technology sector benefitting from AI is a no-brainer with the massive overlap between the two, but investors might wonder what it can do for healthcare. The healthcare sector will likely benefit from several AI enhancements, including its ability to advance research while keeping costs down. Insurance companies have already started using the technology to handle medical billing, scheduling, patient registration, and other administrative tasks.
What Industries Won’t Benefit from AI?
The UBS survey found that entrepreneurs in the industrial sector expect the least benefits from AI. This makes sense as many industrial tasks are already automated by heavy machinery, leaving little room for AI to improve the sector. The other jobs require real people, meaning AI won’t have much to do for now. However, it could still tackle administrative work like in the healthcare sector.
How to Play AI Advancements
There’s no denying that AI is a hot topic right now and one with plenty of investing potential. Investors who want to get in on this might consider taking stakes in some of the top AI stocks. Doing so takes them to the source of the benefits that entrepreneurs expect to see over the next several years.
Turning to the TipRanks stock comparison tool, traders will see the best AI stocks worth investing in. Nvidia (NVDA), Amazon (AMZN), Micron (MU), Meta Platforms (META), and Microsoft (MSFT) are the AI stocks with Strong Buy ratings. Of them, MU stock has the highest growth potential at 43.96% with Nvidia close behind it at 38.88%.
