Like most investors, Victoria Greene has been following the artificial intelligence craze. The chief investment officer of G Squared Private Wealth believes the gap between artificial intelligence winners and losers will widen this year. She expects artificial intelligence to become less of a buzzword and more of a real tool that companies use to improve margins and revenue. G Squared manages more than $575 million in client assets. “People are going to need to start making money using artificial intelligence,” Green told CNBC. “At some point you can’t just talk about the future, you have to show that progress is being made.” Despite expensive valuations for AI-related stocks, Green Still believes the use of artificial intelligence is in its “early stages” and will continue to drive up the number of beneficiaries. Green said gains related to artificial intelligence are not unique to technology stocks. For example, she likes the industrial sector as a long-term investment. “You’re going to continue to see so many upgrades. This shift in artificial intelligence is not a flash in the pan,” she noted. “It’s going to be that people continue to demand more power. They’re going to change the way they do business, but they’re also going to have to run their business more efficiently, especially in terms of power infrastructure, and everything from warehouses to transportation to power plants. Not included. In the industrial sector, Greene lists Quanta Services, Eaton Corp. and Emerson Global Inc. as her top picks, the Merrill Lynch alum said. Instead, Tesla may be initially driven by the artificial intelligence craze. But now it’s in trouble. Similarly, Salesforce fell 20% in a single day last week and its fiscal second-quarter guidance lagged analysts’ expectations. This may be another artificial intelligence loser. “Salesforce may be a canary.” , indicating that some of these traditional software companies are in very bad shape and are at risk of disruption,” she said.
