This table caught our eye. It was embedded in a comprehensive chartbook Goldman Sachs’ equity analysts published Thursday night, level-setting the situation for US equity markets amid the correction.
It shows stocks — including retail favorites like Spotify and Palantir — that Goldman analysts characterize as “companies with potential to monetize AI by generating incremental revenues.” And it must be said, compared to OG AI stocks like Nvidia, down over 13% year-to-date many of these picks have done pretty well in what’s been a bumpy year.
Some of these stocks are relatively small, like IT outsourcing firm Genpact, medical networking system Doximity, and cloud services provider Nutanix. And few of them are cheap, with Palantir, Cloudflare, and CrowdStrike all at eye-watering valuations, raising the risk that much of the juice from these trades may have already been squeezed.
But for those interested in the next big AI trades, this list could be worth a look.
