Despite recent market volatility, Deepwater Asset Management’s Gene Munster believes the artificial intelligence (AI) revolution is just getting started, positioning mega-cap tech giants—specifically Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL)—as ultimate long-term winners.
The ‘Second Inning’ Of AI
Investors abandoning Big Tech may be making a premature exit. According to Munster, the AI trade is still in the “second inning.” While he sees significant upside in sub-$500 billion market cap companies, he remains firmly bullish on industry titans.
“Most of the big companies are still going to reap massive benefits in the next 5 to 10 years of what’s going to be just some crazy innovation,” Munster said in a recent interview with The Street.
He emphasized that investors who believe AI will profoundly change the world should remain overweight in the tech sector, noting that the Nasdaq is still poised to outperform the broader market.
Winning The Personal AI Race
When it comes to the Magnificent 7, Munster’s top focus is on companies poised to conquer personal, contextual AI. Alphabet and Apple top …
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