Update from QuotedData

Polar Capital Technology - Update from QuotedData

14th June 2023

Me, myself & AI

An inflection point in artificial intelligence (AI) - which combines computer science and datasets to enable problem-solving - is close to being reached. Major improvements in output and rapid adoption make the likelihood that it will become a general purpose technology - technologies that can affect an entire economy, like the computer and internet before it - and impact on all parts of everyday life an inevitability.

Polar Capital Technology's (PCT's) manager, Ben Rogoff, has a steadfast conviction in the all-encompassing potential of AI and has been positioning the portfolio towards AI winners, with the majority of PCT exposure now in companies that he believes will be AI beneficiaries.

It is estimated that between a quarter and two-thirds of jobs are exposed to AI automation, with a meaningful uptick in productivity and economic output expected as a result. A higher-than-usual cash position puts PCT in a good position to take advantage of volatility in the market and any buying opportunities that are thrown up in AI beneficiaries.

PCT's shares are currently trading at an excessively wide discount to net asset value (NAV) of 13.4%, which seems attractive given the substantial upside potential in the portfolio's exposure to AI beneficiaries.

Full Research:

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

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