Polar Capital Technology - Update from QuotedData

25^th June 2024

AI caramba!

Polar Capital Technology's (PCT's) manager remains all in on the artificial intelligence (AI) investment theme, having fine-tuned the portfolio towards the 'AI enablers' and 'AI beneficiaries' that it considers will outperform the wider sector over the long-term. 2024 is set to be a profound moment for AI and a showcase for the rapid rise in its use and capability - with several new large language model launches expected, including OpenAI's GPT-5. These launches will not only act as progress waypoints, but could also turbo-charge already-impressive adoption rates and help embed AI into everyday life.

Technology company capital expenditure (capex) - one of the manager's most important data points for gauging future growth prospects - has ballooned, with the cloud hyperscalers (the collective term for the largest cloud companies such as Amazon Web Services and Microsoft Azure) revising up projections and sending a clear signal about the potential size of the AI market. With one of the largest technology investment teams in Europe and a private fund that has been dedicated to AI for almost seven years, PCT's manager's expertise ought to be reflected in the trust's rating, a discount to NAV of 6.7% seems attractive.

Full Research:

https://quoteddata.com/research/polar-capital-technology-ai-caramba-qd/

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