Brad Gerstner Says Latest ‘Negativity’ Around AI is ‘Political Agenda’; See His 2 New AI Stock Picks

AI investors are debating the safety risks associated with rapid AI advancements, but Brad Gerstner, founder and CEO of Altimeter Capital, argues that some fears are being exaggerated for political reasons. Gerstner supports AI safety measures but believes most people care about the future of the country and want to ensure the technology is developed safely.

He criticized the "hyperbolic scare tactics" and suggested they are hiding behind a political agenda. Altimeter Capital recently opened new positions in tech and AI-related companies, including Qualcomm (QCOM) and Micron Technology (MU). In Q2, the fund bought 1.88 million Qualcomm shares, valuing the position at $347.9 million, or 3.54% of the portfolio.

Altimeter also acquired 209,520 Micron shares worth roughly $241.8 million, representing 2.46% of the fund's US equity portfolio. The company's new HBC (High Bandwidth Compute) architecture could help data centers overcome AI-chip supply shortages. HBC aims to deliver six times more bandwidth per watt than high-bandwidth memory, potentially reducing energy consumption.

However, the technology is still unproven and faces manufacturing challenges. Qualcomm hopes to capitalize on this emerging market, but investors will need to see tangible sales before crediting the stock with AI success.