Where to Next for Generative AI?
How Polen’s Large Company Growth team distinguishes robust investment cases from the hype in a rapidly growing market.
Portfolio Managers Dan Davidowitz and Steve Atkins examine the explosion of Generative Artificial Intelligence (Gen AI) technology and the implications it may hold for investors.
Video Highlights
- 0:35 Separating traditional AI from generative AI
- 2:06 Outlook for hyperscale cloud companies
- 4:29 Microsoft’s position vis-à-vis Amazon and Google
- 5:35 How Adobe and Accenture seek to monetize AI
- 6:34 Our pursuit of the “obvious” investment cases
- 7:55 Implications for the future of search
- 9:12 Is Nvidia’s growth sustainable?
Cloud service providers have many interesting permutations of Gen AI that we think are attractive because they represent repeatable, recurring revenue.
Important Disclosures
This information is provided for illustrative purposes only. Opinions and views expressed constitute the judgment of Polen Capital as of February 2024 and may involve a number of assumptions and estimates which are not guaranteed and are subject to change without notice or update. Although the information and any opinions or views given have been obtained from or based on sources believed to be reliable, no warranty or representation is made as to their correctness, completeness or accuracy. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice, including any forward-looking estimates or statements which are based on certain expectations and assumptions. The views and strategies described may not be suitable for all clients. This video does not identify all the risks (direct or indirect) or other considerations which might be material to you when entering any financial transaction.
The information in this video has been prepared without taking into account individual objectives, financial situations or needs. It should not be relied upon as a substitute for financial or other specialist advice. This video is provided for informational purposes only and may not be reproduced in any form or transmitted to any person without authorization from Polen Capital Management.
Accenture, Adobe, Alphabet, Amazon, and Microsoft are holdings in Polen’s Focus Growth and Global Growth portfolios as of December 31, 2023. Accenture is also a holding in Polen’s International Growth portfolio as of December 31, 2023.
Portfolio information is shown as of December 31, 2023 and should not be construed as a recommendation to purchase, hold or sell any particular security. There is no assurance that any securities discussed herein will remain in the composite or that the securities sold will not be repurchased. The securities discussed do not represent the composite's entire portfolio. Actual holdings will vary depending on the size of the account, cash flows, and restrictions. It should not be assumed that any of the securities, transactions or holdings discussed will prove to be profitable, or that the investment recommendations or decisions we make in the future will be profitable or will equal the investment performance of the securities discussed herein. A complete list of our past specific recommendations for the last year is available upon request.
Past performance does not guarantee future results and profitable results cannot be guaranteed.