2 Fantastic Tech Stocks to Buy Amid the AI Revolution
Shopify (TSX:SHOP) and another AI stock could become must-watch stocks for Canadian tech investors this year.
The AI revolution has powered the broad stock markets to some impressive gains, but if you’re overinvested in Canadian stocks and have limited exposure to the U.S. names, you might not have enough exposure to the mega-cap titans that are leading the so-called AI boom.
Many investors have valuation concerns, especially regarding AI plays that defy the laws of gravity.
While time will tell how the investing boom ends, I think there are risks on both the upside and the downside that investors should consider.
Indeed, if there is a painful valuation reset in the AI-exposed names, the losses could be severe. However, at the same time, if AI does lead to productivity growth, one could trail the market by leaps and bounds by not having enough AI at the core of a portfolio.
AI stands out as one of those revolutionary themes.
Author's summary: Invest in AI stocks like Shopify.