When it comes to investing in AI-related stocks, people tend to focus a lot on the big names like Nvidia (NVDA), Alphabet (GOOG, GOOGL), and Microsoft (MSFT).
But The Futurum Group’s chief market strategist Cory Johnson advises investors to look at some of the small and mid-cap names too. Johnson notes that, overall, investors are broadening out beyond the giant “Magnificent Seven” stocks and looking for other ways to play the AI trade. He says if investors look at the numbers, they will see some of these smaller names are “putting up similar kinds of results and yet the market is reacting quite differently.”
He also thinks there is some “nervousness with investors trying to figure out technology and indeed some investors new to technology investing.”
Watch the video above to hear what Johnson has to say about some of these smaller AI names. He also discusses some on Wall Street wanting to see returns on companies’ AI-related investments.
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