Want to cash in on the AI boom? Buy these 2 lesser-known stocks, portfolio manager says

As the buzz around artificial intelligence continues to build, investors are on the lookout for under-the-radar sectors — and stocks — best placed to benefit. Carnegie Investment Counsel's Christopher Carey is no different. Carey, a portfolio manager at the U.S.-headquartered investment advisory firm which manages around $4 billion, estimates that returns from AI will be across "multi-years decades.

"I think people really appreciate the size and magnitude of the U.S. grid, and what a pain it is going to be to upgrade it over the long term, so I don't really see anything as a long-term negative for companies or in the wider power management ecosystem," he said. Among the names Carey is bullish on is power management company Eaton . He said it is set to benefit from heightened demand for the setup and upgrade of electrical grids as more data centers are required.

Source: News Formal (newsformal.com)

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