These 5 Stocks Will Be Main Beneficiaries of AI – Morgan Stanley

<p>&nbsp;Since the launch of ChatGPT last November, artificial intelligence (AI) has been a major focus of Wall Street investors.</p><p><br /></p><p>It has also been a major driver for the shares of AI-related companies such as Nvidia to skyrocket.</p><p><br /></p><p>However, while many companies are focusing on AI development efforts, investors are also not missing the opportunity to see the potential of stocks that benefit from the technology.</p><p><br /></p><p>For example, a subset of technology firms that could benefit from the rise of AI-enabled automation, especially in the near term, include information technology service vendors.</p><p><br /></p><p>Morgan Stanley analysts said clients will continue to rely on vendors who provide advice and support to help understand the data landscape and how to leverage AI.</p><p><br /></p><p>Morgan Stanley expects these 5 stocks to be the main beneficiaries of AI development.</p><p><br /></p><p>1.Capgemini (market capitalization: $34 billion)</p><p><br /></p><p>A strong global position around consulting and system integration makes the company well-positioned to help customers in AI.</p><p>Has demonstrated its ability to navigate offshore waves, and moved early to build AI capabilities.</p><p><br /></p><p>2.Accenture (market capitalization: $202 billion)</p><p><br /></p><p>A $3 billion investment over three years in its Data &amp; AI practice to help clients across all industries rapidly and responsibly advance and use AI to achieve growth.</p><p>3. EPAM (market capitalization: $13 billion)</p><p><br /></p><p>A focus on high-end application engineering enables it to build and support the infrastructure needed to drive enterprise-wide AI adoption.</p><p>4.Globant (market capitalization: $7.8 billion)</p><p><br /></p><p>A company focused on reinventing business through innovative technological solutions.</p><p>Leading specialist in digital transformation (DX) with deep 'blue-chip' client relationships.</p><p>5.Infosys (market capitalization: $65 billion)</p><p><br /></p><p>Relatively high exposure to consulting and systems integration products, but less exposure to managed services/BPO than peers.</p><p>Good position in Digital (currently at 62% of total revenue).</p>