Top 5 Stocks Poised to Profit from AI Adoption, According to Morgan Stanley

Morgan Stanley analysts predict that the adoption of artificial intelligence (AI) is set to drastically transform the business landscapes of many industries. The report, released on June 19, highlights that IT service vendors are poised to capitalise on the potential short-term benefits of AI automation while other sectors directly related to AI continue to monopolise the market’s attention. The analysts noted that demand for AI services would encourage companies to consult IT service vendors, who could advise on best practices for leveraging the transformative technology. Furthermore, in-house talent, financial resources and a history of successful customer relationships would guarantee that service vendors continue to play key roles in the age of AI. The report identified the five most promising IT service vendors to reap the rewards of AI adoption. These companies, which have the capacity to invest at scale and offer value-added digital and cloud-based services, are well placed to benefit from the rise in demand.