20 AI Stock Picks and 10 Predictions for the Future, According to RBC

RBC Capital’s research team has released a 189-page report focusing on the implications of generative AI and ChatGPT, offering a list of the 20 best plays on this technology. The report’s 10 predictions include companies that don’t embrace generative AI or use customer data will suffer a 50% multiple compression in the next five years, while governments will increasingly scrutinize generative AI. The report also highlighted which companies and stocks may benefit from generative AI, which includes Amazon, Microsoft, and Alphabet. Meanwhile, security attacks will become more complex, and malicious groups will use generative AI to create more complex and creative cyberattacks, positing a tailwind for security companies.