RBC RBC Capital Markets published a comprehensive report outlining their belief in the generative artificial intelligence (AI) implementation and offered top related stock picks,
“We believe generative AI is a seismic change in the technological landscape. We view this as the fourth big technological revolution in the past 40 years and each of those had a seminal moment, where the technology became mainstream. In the revolution of the Internet, Internet became mainstream with the launch of Netscape. In the revolution of the cloud, cloud became mainstream with Salesforce on the application side and Amazon Web Services on the infrastructure side. In the third revolution defined by mobile, mobile became mainstream with the launch of the iPhone. Now, in this fourth revolution, ChatGPT’s launch last November brought this generative AI mainstream. In other words, we believe generative AI is likely to have major implications not just within the realm of technology, but society at large … Our favorite names levered to GenAI include Adobe Systems Inc., Confluent Inc., Coursera Inc., Crowdstrike Holdings, Coveo Solutions, Clearwater Analytics Holdings, Elastic NV, Gitlab Inc., Guidewire Software Inc., Hubspot Inc., Mongodb Inc., Microsoft, Cloudflare Inc., Nice Ltd, Servicenow Inc., Shopify, Workday, and Zoom Communications”