Investment

Investment Spotlight on Microsoft, Alphabet, Nasdaq 100 ETF, and CBIZ

Published March 7, 2024

Chicago, IL – Investors are continuously on the lookout for valuable investments and recent insights from Zacks Investment Ideas have cast the spotlight on some notable players: Microsoft, Alphabet, the Nasdaq 100 ETF, and CBIZ. These companies have been making waves in the investment community, not least due to their engagement with the burgeoning field of Artificial Intelligence (AI).

Familiar Giants Lead the AI Charge

As AI technology advances, companies like Microsoft and Alphabet are at the forefront, leveraging their already established, cash-rich foundations to innovate and grow. Though enlarging the scope of such colossal businesses through AI is a challenge, their diverse operations allow them to explore various avenues beyond AI as well.

The Potential of Nasdaq 100 ETF Amidst AI Growth

Reflecting the tech industry's enthusiasm for AI, the Nasdaq 100 ETF has recently achieved new peaks, suggesting that the market is optimistic about the growth potential of the sector. However, despite these advancements, there is a stark contrast to the internet boom of the '90s, with significantly fewer IPOs now, suggesting that the AI revolution may be at an earlier stage.

The Role of IPOs in Market Dynamics

IPOs inject fresh opportunities into the stock market for investors keen to participate in innovative endeavors, fueling overall growth. Historically, during the late '90s, the markets benefited substantially from the agility and high-growth expectations of newly public companies.

Gearing Up for Future AI Investment Opportunities

Investors are currently advised to focus on sizable, established tech companies. Nonetheless, smart investors also keep an eye on emerging AI ventures, preparing to act when these start-ups eventually go public. Propense.ai, a nascent SaaS platform that aids professionals in sales by utilizing AI, exemplifies the type of company that may offer lucrative future investment opportunities.

Client Services and Revenue Growth Through AI

Illustrating the practical application of AI in business, Propense.ai has already begun to revolutionize client service and revenue streams in professional firms, with notable firms like CBIZ among its clientele. The platform's predictive capabilities represent a leap forward in anticipating and fulfilling customer needs, a significant value-add in the professional services sector.

Investor Takeaway

While the AI industry growth is undeniable, the scale of public offerings is yet to rival that of the past. However, as witnessed by companies like Propense.ai, the momentum is building, with expectations of a surge in AI-related IPOs that promise high growth and innovative potential for investors prepared to delve into the AI space.

Microsoft, Alphabet, Investment, AI, IPO