Raymond James CIO Favors Tech Over Health Care as AI Investment Continues
Photo: TokenPost
Raymond James Chief Investment Officer Larry Adam favors a gradual shift from health care to technology, saying continued infrastructure work and earnings revisions suggest the artificial intelligence investment cycle remains active. “I don't think that it's over when it comes to AI,” Adam said. He pointed to ongoing infrastructure development, upwardly revised earnings projections and what he views as discounted valuations in some AI and semiconductor stocks. Adam said health care valuations were at their highest level in 20 years. In technology, he favors mega-cap companies, semiconductor infrastructure plays, cybersecurity stocks and hyperscalers.
Source: TokenPost
