Model Portfolio Future: Platforms Instead of Chips - Three Stocks That Benefit from AI in a Special Way
So far, semiconductors and AI infrastructure have been the focus of investors. But surprisingly, software and platform companies are now surprising on the upside.
The technology sector is experiencing a possible shift in sentiment, with software and platform companies gaining attention from investors. Morningstar notes early signs of a rotation from chip to software stocks. Three companies, Servicenow, Autodesk, and Booking Holdings, have been added to a portfolio, benefiting from artificial intelligence (AI).
Servicenow's subscription revenue rose 24.5% to nearly $4 billion, while Autodesk's revenue increased 18% to $1.76 billion, and Booking Holdings' revenue grew 16%. These companies' business models are strengthened by AI, which is expected to drive their profits.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
