One of the most hard-fought and contentious elections in U.S. history is now in the books, and Donald J. Trump has emerged as the President-elect. Many things are expected to change, and investors are turning over every stone to find the stocks that are best positioned to profit in the next four years.
Astute investors will note that one of the biggest catalysts over the past couple of years has been the rapid adoption of artificial intelligence (AI) and the implications of that technology to usher in the fourth industrial revolution. Generative AI, while still experiencing growing pains, has the potential to automate many mundane tasks, which would ultimately increase productivity and boost profits.
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While the adoption of the technology is still in the early stages, many experts are predicting trillions of dollars will be added to the global economy, resulting in a windfall for leaders in the field.
Let’s look at supercharged growth stocks that could profit from a Trump presidency, according to certain Wall Street analysts.
Image source: Getty Images.
Microsoft (NASDAQ: MSFT) has been among the early beneficiaries of AI. The company was quick to recognize the game-changing potential of the technology, investing heavily in ChatGPT parent OpenAI. The fruit of that strategy was the development of Copilot, a suite of digital assistants powered by generative AI. Microsoft has demonstrated and deployed these Copilots, which have been adopted by “customers in every industry,” according to CEO Satya Nadella.
One example provided by management was the rollout of Microsoft 365 Copilot to 68,000 employees at one company, saving three hours of time per person, per week, on average.
Success stories like these are also helping fuel the adoption of Azure, Microsoft’s cloud infrastructure service, which grew 33% year over year. It said Azure’s growth included 12 percentage points resulting from demand for AI services. The company also offers a laundry…
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